Opportunity Zones

Top News

NJ Bill Would Expand Credit Carryforward For Developers

By Jaqueline McCool

New Jersey developers who are granted tax credits through the state's Aspire program could carry the credit amount forward for seven years under a bill introduced in the state Assembly.

Ohio Temporarily Raises Opportunity Zone Tax Credits

By Sanjay Talwani

Ohio will temporarily increase the tax credits available for historic rehabilitation and opportunity zone investments under legislation signed Tuesday by Republican Gov. Mike DeWine.

Congress Urged To OK Overhaul Of Opportunity Zone Regs

By David van den Berg

A coalition of more than 200 people, including representatives of opportunity zone organizations, real estate firms and local governments, pressed congressional leaders in a letter released Tuesday to enact proposed legislation to extend and overhaul the opportunity zone program.

Ohio Lawmakers Send Investment Tax Credit Boosts To Gov.

By Sanjay Talwani

Ohio would increase the tax credits available for historic rehabilitation and opportunity zone investments under a bill approved by state lawmakers and heading to Gov. Mike DeWine.

Okla. Creates Tax Credit For Rural Fund Investors

By Jaqueline McCool

Oklahoma will create a tax credit for a percentage of the amount of capital investment an investor makes into an eligible rural fund under a bill signed by the governor. 

NY Senate OKs Full Split From Opportunity Zone Tax Breaks

By Sanjay Talwani

New York would fully decouple from federal opportunity zone tax breaks under legislation approved by the state Senate, a measure that could eliminate hundreds of millions of dollars in tax incentives for developers.


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 12, 2022 01:53 PM

Colo. Lawmakers OK Extending Enterprise Zone Tax Break

May 5, 2022 02:13 PM

Ore. Assessor Must Consider Co.'s Enterprise Zone Appeal

April 29, 2022 05:40 PM

Colo. Lawmakers OK Expanding Housing Tax Credit

April 28, 2022 06:08 PM

NY Tribunal OKs Reduced Credit For Owners Of Retailer B&H

April 25, 2022 03:05 PM

Maryland Extends Job Tax Credit Program

April 12, 2022 03:41 PM

Letters On Fixing Opportunity Fund Certifications Set For April

April 7, 2022 06:25 PM

Lawmakers Seek To Extend Opportunity Zone Program

March 28, 2022 06:56 PM

Wyden Asks Crypto Cos. To Dish On Opportunity Zone Work

March 25, 2022 03:26 PM

Utah Repeals Tax Credit For Enterprise Zone Businesses

March 17, 2022 01:08 PM

Indiana OKs Tax Credits For Media Productions

February 23, 2022 08:00 PM

Report Could Focus Scrutiny On Opportunity Zone Investors

February 16, 2022 04:48 PM

Conn. Bill Seeks Tax Rebates For Opportunity Zone Hires

February 10, 2022 02:21 PM

Ohio Senate OKs Doubling Historic Rehab Tax Credits

February 10, 2022 05:16 PM

IRS Should Review Qualified Opportunity Funds, TIGTA Says

February 8, 2022 05:11 PM

Wyden Probe Highlights Lack Of Data On Opportunity Zones

February 3, 2022 06:42 PM

Indiana Senate OKs Tax Credits For Media Productions

January 20, 2022 04:58 PM

Colo. Bill Seeks Tax Credit For Homelessness Aid

January 13, 2022 07:34 PM

Wyden Launches Opportunity Zone Probe, Asks Cos. For Data

November 16, 2021 07:50 PM

Lawmakers, Observers Seek More Opportunity Zone Oversight

November 15, 2021 03:06 PM

Capital Gains Hike Unlikely To Dispel Opportunity Zones' Allure