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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Title(s) as Introduced

Opportunity Zone Accountability and Transparency Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to require reporting by qualified opportunity funds.

Actions Overview (1)

Date Actions Overview
11/08/2019Introduced in House

All Actions (2)

Date All Actions
11/08/2019Referred to the House Committee on Ways and Means.
Action By: House of Representatives
11/08/2019Introduced in House
Action By: House of Representatives

Cosponsors (8)

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Ways and Means11/08/2019 Referred to

No related bill information was received for H.R.5011.

Subjects (8)

Latest Summary (1)

There is one summary for H.R.5011. View summaries

Shown Here:
Introduced in House (11/08/2019)

Opportunity Zone Accountability and Transparency Act

This bill requires a qualified opportunity fund to file an annual return containing certain information, including (1) the name, address, and tax identification number of the fund; (2) certification that the purpose of the fund is investment in qualified opportunity zone property, and (3) the total assets held by the fund in the reporting period. The return must also provide similar information for opportunity zone corporations and partnerships and real property used in an opportunity zone business. The bill provides for a penalty for the failure of a fund to file a correct information return.