HR 2292
Economic Opportunity for Distressed Communities Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 6:45 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Economic Opportunity for Distressed Communities Act, aims to incentivize investment in economically struggling areas by modifying how capital gains are taxed. Specifically, it creates special rules for capital gains invested in ‘qualified distressed opportunity zone property,’ which includes brownfield and superfund sites. Investors who contribute to qualified distressed opportunity funds can defer paying taxes on their gains, and the basis of their investment is adjusted to account for the deferred gains, with potential increases based on holding periods.
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