To amend the Internal Revenue Code of 1986 to renew and enhance opportunity zones, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to renew and enhance opportunity zones, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Agriculture, Labor.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H248564FA39F740D89BDEC40BFB5F37B9: 1. Renewal and enhancement of opportunity zones Section 1400Z–1(c)(1) of the Internal Revenue Code of 1986 is amended— by striking communities.—The term and...
- Section H7886CBDC68DA4E7E98208347DFB1AD9D: 6039K. Returns with respect to qualified opportunity funds and qualified rural opportunity funds Every qualified opportunity fund shall file an annual return...
- Section HD33A9CBC49684582894518036009613A: 6039L. Information required from qualified opportunity zone businesses and qualified rural opportunity zone businesses Every applicable qualified opportunity...
- Section H66EBB4BDED29416FB5EE93A3C77B205A: 6726. Failure to comply with information reporting requirements relating to qualified opportunity funds and qualified rural opportunity funds In the case of...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to renew and enhance opportunity zones, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Agriculture, Labor
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to renew and enhance opportunity zones, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Kelly of Pennsylvania introduced the following bill; which was …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
- "secretary_of_agriculture"
- → Secretary of Agriculture
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology