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Senators Rubio and Scott Introduce Legislation to Create Special Disaster Opportunity Zones

Published on April 4, 2019
Senators Rubio and Scott Introduce Legislation to Create Special Disaster Opportunity Zones

On April 3, Senators Marco Rubio (R-FL) and Rick Scott (R-FL) introduced the Disaster Opportunity Zone Act, which would allow governors to nominate areas affected by 2018 hurricanes and California wildfires as opportunity zones (OZs). The legislation would allow California, Florida, Georgia, North Carolina, and South Carolina governors to select the greater of 25 or 25 percent of low-income census tracts in their state affected by natural disasters from January 1, 2018 to March 1, 2019.

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