Designating Qualified Opportunity Zones (language only)

Item 105 #1s

Language

Set out item 105 from Chapter 836, 2017 Acts of Assembly, and after paragraph D.3. of item 105, insert:

"E.1. In recognition of disparities and a lack of sufficient economic opportunities in certain areas of the Commonwealth, the Secretary of Commerce and Trade, in conjunction with the Center for Rural Virginia, shall prepare a list of recommendations for submission by the Governor as nominees to the Secretary of the Treasury of the United States for designation as a "Qualified Opportunity Zone" as defined in 26 U.S. Code § 1400Z-1.

2. Areas to be considered shall include (i) the Counties of Bland, Buchanan, Carroll, Dickenson, Giles, Grayson, Lee, Russell, Scott, Smyth, Tazewell, Wise, and Wythe and the Cities of Bristol, Galax, and Norton; (ii) the Counties of Amelia, Appomattox, Buckingham, Charlotte, Cumberland, Halifax, Henry, Lunenburg, Mecklenburg, Nottoway, Patrick, Pittsylvania, and Prince Edward and the Cities of Danville and Martinsville; (iii) the Counties of Accomack, Caroline, Essex, Gloucester, King and Queen, King William, Lancaster, Mathews, Middlesex, Northampton, Northumberland, Richmond, and Westmoreland; and (iv) the Counties of Brunswick, Campbell, Dinwiddie, and Greensville, and the Cities of Emporia and Petersburg, or any other areas that may meet the requirements."