Rep. Meadows Introduces Legislation to Allow Parts of Disaster Areas to be OZs

Tuesday, December 11, 2018 - 1:00PM

Rep. Mark Meadows, R-N.C., introduced the Disaster Recovery and Opportunity Act of 2018 this week, which would allow parts of federally declared disaster areas to be designated as opportunity zones (OZs). H.R. 7242 would allow governors to declare up to 5 percent of applicable disaster tracts as OZs. The legislation was referred to the House Ways and Means Committee.

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