I 

116TH CONGRESS 

1ST SESSION H. R. 3390 

To incentivize manufacturers to relocate production to Opportunity Zones 

in the United States, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 20, 2019 

Mr. HOLDING introduced the following bill; which was referred to the 

Committee on Ways and Means 

A BILL 

To incentivize manufacturers to relocate production to Opportunity Zones in the United States, and for other 

purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Incentivizing Invest5 ment and Job Creation in Opportunity Zones Act of 

6 2019’’. 

7 SEC. 2. REFUNDING DUTIES FOR PRODUCTION IN QUALI8 FIED OPPORTUNITY ZONES. 

9 (a) IN GENERAL.—Not later than January 31 of 

10 each calendar year that begins after the date of the enactVerDate Sep 11 2014 04:20 Jun 26, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H3390.IH H3390

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1 ment of this Act, the Secretary of the Treasury, acting 

2 through the Commissioner of U.S. Customs and Border 

3 Protection, shall refund to each eligible entity that applies 

4 in accordance with subsection (c) the net amount de5 scribed in subsection (b) with respect to articles imported 

6 and produced in the previous five years. 

7 (b) NET REFUND AMOUNT.—The net amount de8 scribed in this subsection, with respect to a calendar year, 

9 is the following: 

10 (1) If the quantity of qualified imports in the 

11 preceding five calendar years by an eligible entity is 

12 less than the quantity of articles classifiable under 

13 the same 8-digit codes of the Harmonized Tariff 

14 Schedule of the United States as the articles so im15 ported that were produced by such eligible entity in 

16 a qualified opportunity zone in such calendar years, 

17 an amount equal to the amount paid by such eligible 

18 entity in duties on such qualified imports. 

19 (2) If the quantity of such qualified imports is 

20 equal to or greater than the quantity of articles so 

21 produced, an amount that is equal to— 

22 (A) the quantity of articles so produced by 

23 such eligible entity, multiplied by 

24 (B) the rate of duty that would be imposed 

25 in accordance with section 301 of the Trade Act 


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1 of 1974 (19 U.S.C. 2411) or section 232 of the 

2 Trade Expansion Act of 1962 (19 U.S.C. 

3 1862), as applicable, with respect to a cor4 responding qualified import. 

5 (c) APPLICATIONS FOR REFUND.—An entity may 

6 apply for a refund under subsection (a), or a liquidation 

7 or reliquidation of the entry of an article eligible for a 

8 refund under subsection (a), in accordance with such re9 quirements the Commissioner of U.S. Customs and Bor10 der Protection may require in order to locate or recon11 struct such entry and verify the duties initially paid on 

12 such entry. Amounts owed by the United States pursuant 

13 to such liquidation or reliquidation shall be paid, with in14 terest, not later than 90 days after the date on which the 

15 Secretary determines that such amount is owed. 

16 (d) DEFINITIONS.—In this section: 

17 (1) QUALIFIED OPPORTUNITY ZONE.—The term 

18 ‘‘qualified opportunity zone’’ means a location des19 ignated as a qualified opportunity zone pursuant to 

20 section 1400Z–1 of the Internal Revenue Code of 

21 1986 (26 U.S.C. 1400Z–1). 

22 (2) ELIGIBLE ENTITY.—The term ‘‘eligible enti23 ty’’ means an entity that owns or operates one or 

24 more manufacturing facilities in a qualified oppor25 tunity zone and any entity that the Commissioner of 


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1 U.S. Customs and Border Protection determines to 

2 be related to such an entity. 

3 (3) QUALIFIED IMPORT.—The term ‘‘qualified 

4 import’’ means an article with respect to which du5 ties are imposed pursuant to section 301 of the 

6 Trade Act of 1974 (19 U.S.C. 2411) or section 232 

7 of the Trade Expansion Act of 1962 (19 U.S.C. 

8 1862). 

Æ 


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