I 118th CONGRESS 1st Session H. R. 378 IN THE HOUSE OF REPRESENTATIVES January 17, 2023 Mrs. González-Colón introduced the following bill; which was referred to the Committee on Ways and Means A BILL To designate all of Puerto Rico as an opportunity zone.

1. All of Puerto Rico designated as an opportunity zone (a) In general Section 1400Z–1(b)(3) of the Internal Revenue Code of 1986 is amended by striking that is a low-income community shall be deemed to be certified and designated as a qualified opportunity zone, effective on the date of the enactment of Public Law 115–97 and inserting shall be deemed to be certified and designated as a qualified opportunity zone . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2022.