,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ahea  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ba1 #bjai,mr4   
,mead[s introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to all[ c]ta9 ,f$]ally   
decl>$ disa/] areas to be designat$ z   
opportunity zones = purposes ( economic 
developm5t & recov]y4  #a4 ,%ort title  
,?is ,act may be cit$ z ! ,disa/]       
,recov]y & ,opportunity ,act ( #bjai4   
#b4 ,treatm5t z opportunity zones  7a7  
,9 g5]al ,section #adjj,z-#a ( !        
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new           
subsection3  7g7 ,c]ta9 disa/] zones    
7#a7 ,designation ,) respect to a       
,f$]ally decl>$ disa/]1 ! *ief executive
 (fic] ( a ,/ate may designate "u ?is   
p>agraph n m ?an #e p]c5t ( ! applicable
 disa/] tracts 9 su* ,/ate ) respect to 
su* disa/]4  7#b7 ,no effect on         
limitation on numb] ( designations ,an  
applicable disa/] tract designat$ "u    

p>agraph 7#a7 %all n be tak5 into acc\nt
 9 det]m9+ ! limitation "u subsection   
7d74  7#c7 ,applicable disa/] tract ,!  
t]m applicable disa/] tract means1 )    
respect to a ,f$]ally decl>$ disa/]1 a  
population c5sus tract 9 ! disa/] area  
relat$ to su* disa/]4  7#d7 ,f$]ally    
decl>$ disa/]2 disa/] area ,9 ?is       
subsection1 ! t]m ,f$]ally decl>$ disa/]
 & ! t]m disa/] area h ! mean+ giv5 su* 
t]ms 9 section #afe7;i74  7#e7          
,applicable />t date  7,a7 ,qualifi$    
opportunity fund bus9esses & prop]ty ,9 
! case ( an applicable disa/] tract     
designat$ "u p>agraph 7#a71 subp>agraphs
 7,b77i77,i71 7,c77i71 & 7,d77i77,i7 (  
section #adjj,z-#b7;d77#b7 %all ea* be  
appli$ by sub/itut+ ! applicable />t    
date = ,decemb] #ca1 #bjag4  7,b7       
,ext5sion ( det]m9ation p]iod ,9 ! case 
( an applicable disa/] tract designat$  
"u p>agraph 7#a71 section 7c77#b77;,b7  
%all be appli$ by sub/itut+ ! applicable
 />t date = ! date ( ! enactm5t ( ! ,tax
 ,cuts & ,jobs ,act4  7,c7 ,applicable  

/>t date ,! t]m applicable />t date     
means1 ) respect to a disa/] area1 !    
e>lie/ incid5t date specifi$ 9 !        
decl>ation to :i* su* area relates4  4  
7b7 ,effective date ,! am5dm5ts made by 
?is section %all apply ) respect to     
,f$]ally decl>$ disa/]s decl>$ aft] !   
date ( ! enactm5t ( ?is ,act4