To amend the Internal Revenue Code of 1986 to modify the rules for investments in qualified opportunity funds, and for other purposes.

Summary

The bill lengthens the time frames for designating and investing in Qualified Opportunity Zones and creates new affordability requirements for residential rental projects that receive QOF money. It changes the designation period from 10 to 20 years, pushes the election deadline to Dec. 31, 2036, and ties tax‑basis increases to low‑income occupancy levels. The goal is to keep investment incentives alive while directing more benefits toward affordable housing.

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