Excludes data centers from the definition of qualified opportunity zone businesses.
The bill amends the Internal Revenue Code of 1986 to exclude data centers from the definition of qualified opportunity zone businesses. This change aims to prevent data centers from qualifying for the tax benefits associated with opportunity zones. The amendments apply to stock, capital, or profits interests, and property acquired after the enactment of this Act.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.