H.R. 2292 proposes changes to the Internal Revenue Code to create special rules for capital gains invested in certain distressed areas. These areas, referred to as distressed opportunity zones, include brownfield sites and superfund sites that require environmental cleanup or redevelopment....
Simple Explanation
H.R. 2292 is a bill that wants to help clean up and fix areas that are not taken care of, like those that are dirty or need lots of repairs, by giving people who invest their money there a break on some of their taxes. The idea is to make these places nicer and better by encouraging more people to put their money into making them better.