H. R. 1740
IN THE HOUSE OF REPRESENTATIVES
March 10, 2021
Miss González-Colón introduced the following bill; which was referred to the Committee on Ways and Means
To designate all of Puerto Rico as an opportunity zone.
All of Puerto Rico designated as an opportunity zone
Section 1400Z–1(b)(3) of the Internal Revenue Code of 1986 is amended by striking
that is a low-income community shall be deemed to be certified and designated as a qualified opportunity zone, effective on the date of the enactment of Public Law 115–97 and inserting
shall be deemed to be certified and designated as a qualified opportunity zone.
The amendment made by this section shall apply to taxable years beginning after December 31, 2020.