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United States · Bill · S

S. 4065 (117th)

Opportunity Zones Transparency, Extension, and Improvement Act

openUnited States· United States Congress· EN

Introduced

7 April 2022

Last action

13 December 2022 · Committee

Status

Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held. With printed Hearing: S.Hrg. 117-756.

Sponsors

Sen. Booker, Cory A. [D-NJ], Sen. Scott, Tim [R-SC], Sen. Warner, Mark R. [D-VA], Sen. Young, Todd [R-IN], Sen. Van Hollen, Chris [D-MD], Sen. Cardin, Benjamin L. [D-MD], Sen. Blunt, Roy [R-MO]

Subjects

Taxation

Source updated

27 May 2026

Taxation

Official sourceDownload fileView documentsShare

Summary

Opportunity Zones Transparency, Extension, and Improvement Act This bill revises rules and reinstates reporting requirements relating to qualified opportunity zones (economically distressed communities where new investments, under specified conditions, may be eligible for preferential tax treatment). Specifically, the bill terminates the designation of zones that are disqualified due to median family income exceeding 130% of national median family income and permits states to identify and expand terminations of such zones. The bill also reinstates reporting requirements for qualified opportunity zones and imposes penalties for noncompliance with such requirements, extends the opportunity zones temporary deferral period for qualifying capital gain through 2028, and establishes a State and Community Dynamism Fund to support public and private investment in qualified opportunity zones.

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

Timeline

  1. 7 April 2022

    Introduced

    Introduced in Senate

    Source: IntroReferral

  2. 7 April 2022

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  3. 13 December 2022

    Committee

    Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held. With printed Hearing: S.Hrg. 117-756.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 7 April 2022

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 7 April 2022

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 7 April 2022

    Open at official source

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Sponsors

Related records

Sources

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