,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #aheb  ,,in ,,the ,,house ,,of  
,,representatives  ,march #ba1 #bjai,mr4
 ,meadows introduced the following bill2
 which was referred to the ,committee on
 ,ways and ,means  ,a ,,bill  ,to amend 
the ,internal ,revenue ,code of #aihf to
 provide for designation of qualified   
opportunity zones every #aj years4  #a4 
,short title ,this ,act may be cited as 
the ,creating ,advancement and ,personal
 ,improvement in ,targeted ,american    
,localities ,act of #bjai or as the     
,,capital ,act of #bjai4  #b4           
,designation of qualified opportunity   
zones every #aj years  7a7 ,in general  
,section #adjj,z-#a of the ,internal    
,revenue ,code of #aihf is amended by   
adding at the end the following new     
subsection3  7g7 ,designation of zones  
every #aj years  7#a7 ,second round of  
designations ,as of the first date      
7after enactment of this subsection7    
that no designation of a qualified      
opportunity zone remains is in effect by

 reason of the application of subsection
 7f71 the provisions of this section    
shall be reapplied--  7,a7 as though    
such provisions were enacted on such    
date1  7,b7 and by substituting such    
date for--  7i7 the date of the         
enactment of ,public ,law #aae-ig in    
subsection 7b77#c71 and  7ii7 the date  
of the enactment of the ,tax ,cuts and  
,jobs ,act in subsection 7c77#b77;,b74  
7#b7 ,subsequent rounds of designations 
,paragraph 7#a7 shall be reapplied as of
 the first date that no designation of a
 qualified opportunity zone from the    
preceding round of designations remains 
in effect by reason of the application  
of subsection 7f7 to such round of      
designations4  7#c7 ,redesignations     
permitted ,nothing in this subsection   
shall be construed to prevent the       
designation of a tract as a qualified   
opportunity zone merely because such    
tract was previously designated as such 
a zone if such tract otherwise meets the
 requirements for such designation as of

 the time of such subsequent            
designation4  4  7b7 ,effective date    
,the amendment made by this section     
shall take effect on the date of the    
enactment of this ,act4