HR 6513
To defer the year of inclusion for certain capital gains invested in a qualified opportunity fund.
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- Passed House
- Passed Senate
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Bill overview
This bill changes the rules for taxes on capital gains invested in qualified opportunity funds. Specifically, it extends the deadline to defer paying taxes on capital gains invested in these funds until December 31, 2030, instead of the original date of December 31, 2026. Qualified opportunity funds invest in low-income communities, and this change provides investors with more time to benefit from the tax incentives associated with those investments. This extension aims to encourage continued investment in these designated areas.
Sponsors
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Primary sponsor
Denver Riggleman
Cosponsors
A. Drew, IV Ferguson
Scott R. Tipton
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