I 
116TH CONGRESS 
1ST SESSION H. R. 2593 
To require the Secretary of the Treasury to collect data and issue a report 
on the opportunity zone tax incentives enacted by the 2017 tax reform 
legislation, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 8, 2019 
Mr. KIND (for himself and Mr. KELLY of Pennsylvania) introduced the 
following bill; which was referred to the Committee on Ways and Means 
A BILL 
To require the Secretary of the Treasury to collect data 
and issue a report on the opportunity zone tax incentives 
enacted by the 2017 tax reform legislation, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. COLLECTION OF DATA ON OPPORTUNITY ZONE 
TAX INCENTIVES. 
(a) IN GENERAL.—The Secretary of the Treasury, or 
the Secretary’s delegate (referred to in this Act as the 
‘‘Secretary’’), shall collect information on investments held 
by qualified opportunity funds (as defined in section 
VerDate Sep 11 2014 
06:21 May 16, 2019
Jkt 089200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H2593.IH
H2593
kjohnson on DSK79L0C42 with BILLS
1400Z–2(d) of the Internal Revenue Code of 1986) na-
tionally and at the State level, which shall include— 
(1) the number of such qualified opportunity 
funds, 
(2) the amount of assets held in qualified op-
portunity funds, 
(3) the composition of qualified opportunity 
fund investments by asset class, 
(4) the percentage of qualified opportunity zone 
census tracts designated under subchapter Z of the 
Internal Revenue Code of 1986 (as added by section 
13823 of Public Law 115–97) that have received 
qualified opportunity fund investments, and 
(5) the impacts and outcomes of zone designa-
tion in those areas on economic indicators, including 
job creation, poverty reduction, new business starts, 
and other metrics as determined by the Secretary. 
(b) INVESTMENTS.—For any investment described in 
subsection (a), the Secretary shall collect relevant infor-
mation regarding each such investment, including— 
(1) the total amount of the investment and the 
date on which such investment was made, 
(2) the type of investment, such as whether the 
investment is in an existing business, new business, 
VerDate Sep 11 2014 
06:21 May 16, 2019
Jkt 089200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H2593.IH
H2593
kjohnson on DSK79L0C42 with BILLS
or real property, and the location of such business 
or property, 
(3) the type of activity being supported by such 
investment, such as single-family or multi-family res-
idential properties, commercial properties, or the 
economic sectors in which the business operates, 
(4) in the case of a business, the approximate 
number of full-time employees at the time the invest-
ment in such business was made, and 
(5) in the case of real property, the approxi-
mate total square footage and the approximate num-
ber of residential units, as applicable. 
(c) COLLECTION OF INFORMATION.—For purposes of 
any information described in this section, the Secretary 
shall establish appropriate procedures and measures to en-
sure that— 
(1) collection of such information is performed 
in a manner so as to prevent duplicative or redun-
dant reporting, and 
(2) any personally identifiable data included in 
such information is properly protected and withheld 
from disclosure to the public. 
SEC. 2. REPORT TO CONGRESS. 
The Secretary shall submit a report to Congress on 
the opportunity zone incentives enacted by section 13823 
VerDate Sep 11 2014 
06:21 May 16, 2019
Jkt 089200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H2593.IH
H2593
kjohnson on DSK79L0C42 with BILLS
of Public Law 115–97, beginning 5 years after the date 
of enactment of this Act and annually thereafter, which 
shall include the information described in section 1(a). 
SEC. 3. INFORMATION REGARDING INVESTMENTS. 
Subject to subsection (c) of section 1, the Secretary 
shall make the information submitted pursuant to sub-
section (b) of such section publicly available, with such in-
formation to be made available not later than the date 
which is 1 year after the date of enactment of this Act 
and annually thereafter, following the initial reporting of 
such information by any qualified opportunity fund. 
Æ 
VerDate Sep 11 2014 
06:21 May 16, 2019
Jkt 089200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6301
E:\BILLS\H2593.IH
H2593
kjohnson on DSK79L0C42 with BILLS