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H.R. 7242

BillFederalHouseIn Committee
Disaster Recovery and Opportunity Act of 2018
About This Bill
Committee
Latest Action · December 10, 2018
Referred to the House Committee on Ways and Means.
Congress
115th (2017–2019)
Introduced
December 10, 2018
Cosponsors (0)
None
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Summary

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Disaster Recovery and Opportunity Act of 2018 This bill amends the Internal Revenue Code to allow the chief executive officer (e.g., governor) of a state to designate certain population census tracts in areas related to federally declared disasters as opportunity zones. This makes investments in the areas eligible for various tax incentives.

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