November 8, 2021 06:01 PMGAO Says IRS Opportunity Zone Compliance Study Inadequate
By Sanjay Talwani
A bill introduced in the Colorado General Assembly would allow a tax credit for contributions to nonprofit projects promoting housing and services for people and families experiencing homelessness, repealing a credit for contributions toward such projects in enterprise zones.
By Joshua Rosenberg
Senate Finance Committee Chairman Ron Wyden, D-Ore., said Thursday that he has opened an investigation into potential misuse of the opportunity zone program and has sent letters to seven companies seeking information on their investments in the program.
By Stephen Cooper
The federal opportunity zone program needs stronger oversight and better targeting so that poor communities get a bigger slice of investments, lawmakers and panelists said Tuesday at a House Ways and Means Oversight Subcommittee hearing.
By Stephen Cooper
The principal author of the opportunity zone program has warned that Democrats' bid to boost capital gains tax rates next year could scare away investments, but the program's tax benefits could prove to be enticing enough to lure investors anyway.
By Andrew McIntyre
Truist has been revealed as the bank behind a construction loan to developer Prime West that's part of a larger $90.4 million injection of cash for a multifamily project in the Denver area, Law360 exclusively learned on Monday.
By Emlyn Cameron
The House Ways and Means Oversight Subcommittee will hold a hearing on the opportunity zone program next week, the subcommittee's chair said Tuesday.
While Democrats in Congress are well on their way to enacting an initial COVID-19 relief bill, they will face challenges when pivoting to President Joe Biden's Build Back Better goals for job creation and economic revitalization, say Russell Sullivan and Radha Mohan at Brownstein Hyatt.
The Internal Revenue Service's new notice relaxing deadlines and requirements for opportunity zone investors during the pandemic is helpful, but misses an opportunity to clarify important safe harbors, says Jessica Millett at Duval & Stachenfeld.
Future opportunity zone legislation should limit the capital gains requirement and broaden tax incentives to allow participation from currently excluded investors with deep connections to community revitalization, says Venroy July at Miles & Stockbridge.
October 21, 2021 05:57 PMIRS Says Inventory In Transit Can Qualify For QOZ Program
October 15, 2021 05:34 PMIRS Gives Opportunity Zone Co. Extension To Fix Filing Error
August 5, 2021 06:33 PMCanada Needs Tax Reform To Be Competitive, Biz Group Says
July 23, 2021 01:57 PMBiden's Tax Plans Complicate Opportunity Zone Investing
July 14, 2021 08:23 PMLawmakers Told To Retool Federal Housing Tax Incentives
June 28, 2021 03:33 PMHouse Bill Would Allow More Opportunity Zones
June 14, 2021 08:56 PMIRS Urged To Clarify Disaster Relief For Opportunity Zones
May 28, 2021 02:09 PMWeekly Internal Revenue Bulletin
May 19, 2021 03:07 PMIRS Regs Let Opportunity Zone Businesses Pivot Due To Virus
May 14, 2021 01:06 PMOpportunity Zones Won't Change Due To Census, IRS Says
April 30, 2021 05:33 PMWeekly Internal Revenue Bulletin
April 23, 2021 06:41 PMLimited Liability Co. Ruled A Qualifying Opportunity Fund
April 13, 2021 05:47 PMKy. Gov. Vetoes Tax Breaks For Remote Workers, Data Centers
April 12, 2021 10:17 PMIRS Eyes Tweaks For Non-US Investment In Opportunity Zones
April 2, 2021 01:00 PMKy. Legislators OK Data Center, Remote Worker Tax Breaks
March 8, 2021 05:48 PMConn. To Offer Tax Breaks To Data Centers In Opportunity Zones
February 24, 2021 07:28 PMConn. House OKs Tax Break For Opportunity Zone Data Centers
February 22, 2021 06:55 PMNY Bill To Decouple From Opportunity Zones Gains Support
February 12, 2021 06:53 PMWeekly Internal Revenue Bulletin