Opportunity Zones

Top News

Canada Needs Tax Reform To Be Competitive, Biz Group Says

By Kevin Pinner

Canada should mirror some U.S. tax policies and review its entire taxation system ahead of global reforms, the Canadian Chamber of Commerce said in recommendations to the nation's political party leaders ahead of an anticipated early election.

Biden's Tax Plans Complicate Opportunity Zone Investing

By Amy Lee Rosen

President Joe Biden's proposals to increase taxes on long-term capital gains add an extra layer of complexity to opportunity zone investments because investors may not know the long-term tax consequences of their financial decisions.

Lawmakers Told To Retool Federal Housing Tax Incentives

By Stephen Cooper

Congressional lawmakers should revamp federal tax incentives to reach more Americans in need of affordable housing, real estate and tax professionals said Wednesday before the House Ways and Means Oversight Subcommittee.

House Bill Would Allow More Opportunity Zones

By Emlyn Cameron

More areas would be eligible for tax-advantaged investments under the opportunity zone program created by the 2017 federal tax overhaul law under a bill introduced in the U.S. House of Representatives.

IRS Urged To Clarify Disaster Relief For Opportunity Zones

By Emlyn Cameron

The Internal Revenue Service should clarify that opportunity zone businesses affected by a federally declared disaster automatically get two additional years to make use of a safe harbor for working capital, according to a recent comment on proposed opportunity zone regulations.

Weekly Internal Revenue Bulletin

By Emlyn Cameron

The Internal Revenue Service released its weekly bulletin Friday, which announced expanded automatic consent for applying for depreciation for some corporations and how new census track boundaries will interact with opportunity zones.


Expert Analysis

A Tough Road Ahead for Democrats' Ambitious Policy Agenda

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.

Opportunity Zone Pandemic Relief Is Welcome, But Limited

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.

Opportunity Zone Investment Options Should Be Expanded

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.

MORE COVERAGE

May 19, 2021 03:07 PM

IRS Regs Let Opportunity Zone Businesses Pivot Due To Virus

May 14, 2021 01:06 PM

Opportunity Zones Won't Change Due To Census, IRS Says

April 30, 2021 05:33 PM

Weekly Internal Revenue Bulletin

April 23, 2021 06:41 PM

Limited Liability Co. Ruled A Qualifying Opportunity Fund

April 13, 2021 05:47 PM

Ky. Gov. Vetoes Tax Breaks For Remote Workers, Data Centers

April 12, 2021 10:17 PM

IRS Eyes Tweaks For Non-US Investment In Opportunity Zones

April 2, 2021 01:00 PM

Ky. Legislators OK Data Center, Remote Worker Tax Breaks

March 8, 2021 05:48 PM

Conn. To Offer Tax Breaks To Data Centers In Opportunity Zones

February 24, 2021 07:28 PM

Conn. House OKs Tax Break For Opportunity Zone Data Centers

February 22, 2021 06:55 PM

NY Bill To Decouple From Opportunity Zones Gains Support

February 12, 2021 06:53 PM

Weekly Internal Revenue Bulletin

January 29, 2021 05:33 PM

Proposed Historic Rehab Credit Expansion Gaining Steam

January 20, 2021 04:42 PM

IRS Again Extends Opportunity Zone Deadlines, Citing Virus

January 15, 2021 05:13 PM

Dems May Pressure Biden To Curb TCJA Biz Benefits

January 11, 2021 05:00 PM

Yellen's Tenure May Be Defined Primarily In Regulatory Space

January 8, 2021 07:23 PM

NY Legislator Pushes Again To Decouple From Opportunity Zones

January 3, 2021 02:23 PM

Federal Tax Policy To Watch In 2021

December 9, 2020 06:55 PM

IRS Notifying Opportunity Zone Cos. About Certification Issues

November 13, 2020 06:32 PM

Advancing The Democratic Tax Agenda In 2021

November 10, 2020 06:02 PM

Real Estate Rumors: Boies Schiller, HPP, Capital Partners