Referred to the House Committee on Ways and Means.
This bill amends Section 1400Z–1 of the Internal Revenue Code to allow population census tracts that contain any portion of a former Department of Defense installation closed under a BRAC round to be designated as Qualified Opportunity Zones (QOZs) even if they do not meet existing low-income community requirements. It also exempts those nominated tracts from the State designation limits by increasing the number of tracts a State may designate.
Liberals emphasize equity, labor, and environmental safeguards.
Relative to its intended legislative type, this bill is a narrowly focused substantive amendment to the Internal Revenue Code that clearly identifies where and how to change existing law to permit census tracts containing former BRAC‑closed DoD installations to be designated as qualified opportunity zones.
This bill amends Section 1400Z–1 of the Internal Revenue Code to allow population census tracts that contain any portion of a former Department of Defense installation closed under a BRAC round to be designated as Qualified Opportunity Zones (QOZs) even if they do not meet existing low-income community requirements.
It also exempts those nominated tracts from the State designation limits by increasing the number of tracts a State may designate.
The amendments apply to QOZ designations made after enactment.
A narrow, administrable amendment with modest fiscal effects improves prospects, but lack of offsets and broader OZ criticism create uncertainty, especially in the Senate.
Relative to its intended legislative type, this bill is a narrowly focused substantive amendment to the Internal Revenue Code that clearly identifies where and how to change existing law to permit census tracts containing former BRAC‑closed DoD installations to be designated as qualified opportunity zones. It provides precise statutory text and an effective date, integrating directly with the current section 1400Z–1 designation framework.
Liberals emphasize equity, labor, and environmental safeguards.
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals emphasize equity, labor, and environmental safeguards.
Likely skeptical.
While the measure targets reuse of closed military sites and potential local investment, QOZ tax breaks historically favor wealthy investors.
Without explicit community, labor, or environmental protections in the text, progressive concerns about equity and accountability will dominate.
Cautiously optimistic.
The bill targets a defined class of properties (BRAC-closed installations) for economic reuse, which could be pragmatic.
However, centrists will want safeguards for fiscal oversight, measurable job outcomes, and environmental clarity before full endorsement.
Generally supportive.
Expanding QOZ eligibility to BRAC-closed tracts encourages private investment, reduces federal management burdens, and promotes reindustrialization through market incentives rather than new spending.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
A narrow, administrable amendment with modest fiscal effects improves prospects, but lack of offsets and broader OZ criticism create uncertainty, especially in the Senate.
The bill has not accumulated any surfaced votes yet.
Liberals emphasize equity, labor, and environmental safeguards.
A narrow, administrable amendment with modest fiscal effects improves prospects, but lack of offsets and broader OZ criticism create uncert…
Relative to its intended legislative type, this bill is a narrowly focused substantive amendment to the Internal Revenue Code that clearly identifies where and how to change existing law to permit census tracts containi…
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