1. Short title This Act may be cited as the Incentivizing Investment and Job Creation in Opportunity Zones Act of 2019 . 2. Refunding duties for production in Qualified Opportunity Zones (a) In general Not later than January 31 of each calendar year that begins after the date of the enactment of this Act, the Secretary of the Treasury, acting through the Commissioner of U.S. Customs and Border Protection, shall refund to each eligible entity that applies in accordance with subsection (c) the net amount described in subsection (b) with respect to articles imported and produced in the previous five years. (b) Net refund amount The net amount described in this subsection, with respect to a calendar year, is the following: (1) If the quantity of qualified imports in the preceding five calendar years by an eligible entity is less than the quantity of articles classifiable under the same 8-digit codes of the Harmonized Tariff Schedule of the United States as the articles so imported that were produced by such eligible entity in a qualified opportunity zone in such calendar years, an amount equal to the amount paid by such eligible entity in duties on such qualified imports. (2) If the quantity of such qualified imports is equal to or greater than the quantity of articles so produced, an amount that is equal to— (A) the quantity of articles so produced by such eligible entity, multiplied by (B) the rate of duty that would be imposed in accordance with section 301 of the Trade Act of 1974 ( 19 U.S.C. 2411 ) or section 232 of the Trade Expansion Act of 1962 ( 19 U.S.C. 1862 ), as applicable, with respect to a corresponding qualified import. (c) Applications for refund An entity may apply for a refund under subsection (a), or a liquidation or reliquidation of the entry of an article eligible for a refund under subsection (a), in accordance with such requirements the Commissioner of U.S. Customs and Border Protection may require in order to locate or reconstruct such entry and verify the duties initially paid on such