legislation: 116-s-4780

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
116-s-4780 116 s 4780 Hurricane Laura Recovery Opportunity Zones Act Taxation 2020-10-01 2020-10-01 Read twice and referred to the Committee on Finance. Senate Sen. Kennedy, John [R-LA] LA R K000393 0 Hurricane Laura Recovery Opportunity Zones Act This bill designates certain low-income community areas as qualified Hurricane Laura Recovery Opportunity Zones. Such zones are areas for which a major disaster has been declared before September 30, 2020, and which have been determined by the President to warrant individual or public assistance by reason of Hurricane Laura. The bill sets forth special rules for the treatment of capital gains in Hurricane Laura Recovery Opportunity Zones. It also expresses the sense of Congress that the rate of tax on income from capital gains in effect on the enactment date of this bill should not be changed. 2023-01-11T13:44:25Z https://www.congress.gov/bill/116th-congress/senate-bill/4780

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