House Republicans Introduce Opportunity Zone Extension Act

Wednesday, April 15, 2020 - 12:15PM

Rep. Denver Riggleman, R-Va., and five cosponsors this week introduced The Opportunity Zone Extension Act, a bill that would extend the required inclusion date for capital gains deferred through a qualified opportunity fund investment. H.R. 6513 would extend the inclusion date for those capital gains from Dec. 31, 2026, to Dec. 31, 2030, but only for investments made in taxable years beginning after the enactment of the legislation. The bill’s cosponsors are Guy Reschenthaler, R-Pa., Scott Tipton, R-Colo., Tim Burchett, R-Tenn., Bryan Steil, R-Wis., and Drew Ferguson, R-Ga.

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