,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #djee  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #ac1 #bjbc,mr4  
,b>r introduc$ ! foll[+ bill2 :i* 0     
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to exclude int]e/ on     
loans by depository in/itutions to      
qualifi$ opportunity zone bus9esses f   
gross income1 & = o!r purposes4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,opportunity ,zones ,enhancem5t ,act (  
#bjbc4  #b4 ,exclusion = int]e/ on loans
 to qualifi$ opportunity zone bus9esses 
7a7 ,9 g5]al ,"p ,,iii ( sub*apt] ,b (  
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by ins]t+ aft] section   
#aci;,i ! foll[+ new section3  #aci;,j4 
,int]e/ on loans to qualifi$ opportunity
 zone bus9esses  7a7 ,exclusion ,gross  
income %all n include an am\nt equal to 
s mu* ( ! int]e/ receiv$ by a depository
 in/itution on any loan to a qualifi$   
borr[] z does n exce$ ! less] (-- 7#a7 !
 taxpay]'s reta9$ e>n+s attributable to 

! taxable ye>1 or  7#b7 #e1jjj1jjj4  7b7
 ,depository in/itution ,= purposes (   
?is section1 ! t]m depository in/itution
 has ! mean+ giv5 su* t]m 9 section #c (
 ! ,f$]al ,deposit ,insurance ,act4  7c7
 ,qualifi$ borr[] ,= purposes ( ?is     
section1 ! t]m qualifi$ borr[] means a  
borr[] t at ! "t ( orig9ation ( ! loan  
is a qualifi$ opportunity zone bus9ess  
7z def9$ 9 section #adjj,z-#b7;d774  7d7
 ,reta9$ e>n+s ,= purposes ( ?is        
section1 ! t]m reta9$ e>n+s means !     
excess ( ! taxpay]'s e>n+s & pr(its 7)9 
! mean+ ( section #caf7;a77#b77 = !     
taxable ye> ov] ! divid5ds paid by !    
taxpay] dur+ su* taxable ye>4  7e7      
,inflation adju/m5t  7#a7 ,9 g5]al ,9 ! 
case ( any taxable ye> beg9n+ aft]      
#bjbc1 ! doll> am\nts 9 subsections     
7a77#b7 & 7e7 %all be increas$ by an    
am\nt equal to-- 7,a7 su* doll> am\nt1  
multipli$ by  7,b7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = !      
cal5d> ye> 9 :i* ! taxable ye> beg9s1   
det]m9$ by sub/itut+ cal5d> ye> #bjbb = 

cal5d> ye> #bjaf 9 subp>agraph 7,a77ii74
  7#b7 ,r\nd+ ,any am\nt "u p>agraph    
7#a7 %all be r\nd$ to ! ne>e/ multiple (
 #a1jjj1jjj4  7f7 ,controll$ gr\p  7#a7 
,9 g5]al ,9 ! case ( a depository       
in/itution :i* is a memb] ( a controll$ 
gr\p :i* includes "o or m o!r depository
 in/itutions1 su* in/itutions %all =    
purposes ( apply+ ! doll> am\nts 9      
subsections 7a7 & 7b7 be treat$ z "o    
depository in/itution4  7#b7 ,def9ition 
,= purposes ( ?is subsection1 ! t]m     
controll$ gr\p means any gr\p treat$ z a
 s+le employ] "u subsection 7b71 7c71   
7m71 or 7o7 ( section #dad4  7g7        
,regulations ,! ,secret>y %all prescribe
 su* regulations z may be necess>y or   
appropriate to c>ry out ! purposes ( ?is
 section4  7h7 ,coord9ation ) section   
#bfe ,loans f a depository in/itution to
 a qualifi$ borr[] %all be treat$ z     
obligations describ$ 9 section          
#bfe7;a77#b7 ! int]e/ on :i* is :olly   
exempt f ! taxes impos$ by ?is subtitle4
  4  7b7 ,cl]ical am5dm5t ,! table (    

sections = su* "p ,,iii is am5d$ by     
ins]t+ aft] ! item relat+ to section    
#aci;,i ! foll[+ new item3  ,sec4       
#aci;,j4 ,int]e/ on loans to qualifi$   
opportunity zone bus9esses4  4  7c7     
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4