I 116th CONGRESS 1st Session H. R. 5252 IN THE HOUSE OF REPRESENTATIVES November 22, 2019 Ms. Tlaib (for herself and Ms. Jayapal ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to repeal opportunity zones.

1. Repeal of opportunity zones and recognition of deferred gain (a) In general Effective on the day after the date of the enactment of this Act, subchapter Z of chapter 1 of the Internal Revenue Code of 1986 is repealed, and any gain to which section 1400Z–2(a)(1)(B) of such Code would have otherwise applied shall be included in income under section 1400Z–2(b) of such Code (determined by substituting the date of the enactment of this Act for December 31, 2026 in paragraph (1)(B) thereof). (b) Repeal of special rule for investments held for at least 10 years For purposes of section 1400Z–2(c) of such Code, the repeal under subsection (a) shall be effective with respect to any investment held before, on, or after the date of the enactment of this Act.