To amend the Internal Revenue Code of 1986 to exclude interest on loans by depository institutions to qualified opportunity zone businesses from gross income, and for other purposes.
About This Bill
Committee
Latest Action · June 13, 2023
Referred to the House Committee on Ways and Means.
Opportunity Zones Enhancement Act of 2023
This bill excludes from gross income, for income tax purposes, certain amounts of interest received by a depository institution on any loan to a qualified opportunity zone business (businesses located in economically-distressed communities that may qualify for preferential tax treatment, such as capital gains tax avoidance).
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