Investing in Opportunity Act
The Investing in Opportunity Act proposes a new solution to encourage economic growth and job creation in economically distressed communities. This bipartisan legislation offers a temporary capital gains deferral in exchange for reinvesting those dollars into distressed communities. Currently, more than 30 percent of South Carolina’s population, or 1.4 million people, live in an economically distressed area, a number that rises to 50 million Americans nationwide.
Latest
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Friday | March 9, 2018
PHOTO RELEASE: Senator Scott Kicks off National Opportunity Tour in North Charleston
Scott toured the Chicora-Cherokee neighborhood of North Charleston, South Carolina as part of his National Opportunity Tour. Scott was joined by leaders of Metanoia, a Community Development Corporation.
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Friday | February 2, 2018
ICYMI: Senator Scott Investing in Opportunity Act Included in Tax Bill
Scott’s Investing in Opportunity Act was included in the tax bill as a provision to uplift distressed communities.
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Tuesday | January 30, 2018
ICYMI: NYT: Tucked Into the Tax Bill, a Plan to Help Distressed America
Scott’s bipartisan Investing in Opportunity Act was included in the Tax Cuts and Jobs Act as a key provision that will help economically distressed communities.
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Wednesday | November 29, 2017
Scott on Senate Tax Package: My IIOA Offers a Bipartisan Solution
Scott said during last night’s CNN debate that his bipartisan Investing in Opportunity Act, which is included in the Senate’s Tax Package, will help bring long-term investment to distressed communities.
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Friday | November 17, 2017
Scott’s Bipartisan Investing in Opportunity Act Passes out of Finance Committee
In a major step toward helping distressed communities nationwide, U.S. Senator Tim Scott’s (R-SC) bipartisan Investing in Opportunity Act (IIOA) passed out of the FinanceCommittee as a part of the tax reform bill that will be voted on by the full Senate in the coming weeks.
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Thursday | November 16, 2017
Sen. Scott’s Bipartisan Investing in Opportunity Act Passes out of Finance Committee
In a major step toward helping distressed communities nationwide, U.S. Senator Tim Scott’s (R-SC) bipartisan Investing in Opportunity Act (IIOA) passed out of the Finance Committee as a part of the tax reform bill that will be voted on by the full Senate in the coming weeks. The IIOA incentivizes investment in economically distressed areas by allowing trillions of dollars in PRIVATE capital to be used to encourage small businesses, support entrepreneurs, and to develop dilapidated properties in zip codes most in need of a resurgence.
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Wednesday | November 15, 2017
Senate Tax Reform to Include Scott's Investing in Opportunity Act
Scott announced that the amended Senate tax reform plan will include his bipartisan Investing in Opportunity Act (IIOA).
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