To amend the Internal Revenue Code of 1986 to require fairness and diversity in opportunity zone investment and to require minimum investment in controlled-environment agriculture.

Summary

This bill modifies requirements relating to opportunity zone investment (i.e., investment in economically distressed areas) to require its funds to meet specified investment advisory board, diversity, and affordable housing requirements. It also requires that at least 5% of a fund's qualified opportunity zone property is controlled-environment agriculture property.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 17 November 2022

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 17 November 2022

   Introduced

   Introduced in House

   Source: IntroReferral

3. 17 November 2022

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 17 November 2022 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 November 2022

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 17 November 2022

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 17 November 2022

  Open at official source

Sponsors

• Rep. Johnson, Henry C. "Hank" [D-GA-4] · D · Sponsor
• BOBBY RUSH · D · Sponsor
• Sheila Jackson Lee · D · Sponsor
• · hswm00 · Standing

Related records

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