To amend the Internal Revenue Code of 1986 to renew and enhance opportunity zones, and for other purposes.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- Jun 3, 2025
What it does
HR.3687 would renew and enhance opportunity zones by modifying the definition of low-income communities to allow designation of additional census tracts, creating a new round of qualified opportunity zone designations effective from 2027 to 2033 with a focus on rural areas, and updating investment incentives—including increased basis adjustments for long-term holdings and special rules for rural opportunity funds and ordinary income elections. The bill also introduces new information reporting requirements for qualified opportunity funds and qualified rural opportunity funds, mandating annual returns detailing assets, investments, employment impact, and other data to be filed with the IRS…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.