During the high brow discussions the last few weeks in
Washington regarding the potential shut down of the Federal
Government, it would have been very easy to miss one little
legislative tidbit that happened last week. Yes, you have read it
correctly, theBi-Partisan Opportunity Zones
Transparency, Extension, and Improvement Act (H.R.
5761) was again introduced on Wednesday, September 30th by
Representatives Mike Kelly (R-PA), Dan Kildee (D-MI), Carol Miller
(R-WV), and Terri Sewell (D-AL).
For you non-Beltway folks, Rep. Kelly is a very senior member of
the committee and chairs the Ways and Means Subcommittee on Tax
Policy. Per the Real Estate Roundtable, the cosponsors also
represent a very diverse group of lawmakers, geographically and
politically. By introducing the Bill now, the topic of Opportunity
Zones should be able to be included in any end-of-year tax
discussions, if tax extender discussions materialize between the
parties – a big if, but a
