Opportunity Zones

Top News

Colo. Bill Seeks Tax Credit For Homelessness Aid

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.

Wyden Launches Opportunity Zone Probe, Asks Cos. For Data

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.

Lawmakers, Observers Seek More Opportunity Zone Oversight

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.

Capital Gains Hike Unlikely To Dispel Opportunity Zones' Allure

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.

Truist Is Lender On $90M Denver-Area Apartment Deal

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.

Ways And Means Subcommittee To Discuss Opportunity Zones

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.


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

November 8, 2021 06:01 PM

GAO Says IRS Opportunity Zone Compliance Study Inadequate

October 21, 2021 05:57 PM

IRS Says Inventory In Transit Can Qualify For QOZ Program

October 15, 2021 05:34 PM

IRS Gives Opportunity Zone Co. Extension To Fix Filing Error

August 5, 2021 06:33 PM

Canada Needs Tax Reform To Be Competitive, Biz Group Says

July 23, 2021 01:57 PM

Biden's Tax Plans Complicate Opportunity Zone Investing

July 14, 2021 08:23 PM

Lawmakers Told To Retool Federal Housing Tax Incentives

June 28, 2021 03:33 PM

House Bill Would Allow More Opportunity Zones

June 14, 2021 08:56 PM

IRS Urged To Clarify Disaster Relief For Opportunity Zones

May 28, 2021 02:09 PM

Weekly Internal Revenue Bulletin

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