HR 378
To designate all of Puerto Rico as an opportunity zone.
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to permanently designate all of Puerto Rico as a ‘qualified opportunity zone.’ Opportunity zones are economically distressed areas where investments can receive tax benefits. Currently, opportunity zones have specific requirements regarding low-income communities, but this bill removes that restriction, allowing Puerto Rico to be designated without meeting those criteria. This would encourage investment in Puerto Rico and potentially stimulate economic growth within the territory.
Sponsors
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Primary sponsor
Jenniffer [R-PR-At Large] Rescom. González-Colón
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