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Opportunity Zones

Top News

Mo. House OKs Earnings Tax Break In Opportunity Zones

By Paul Williams

Individuals and businesses that perform work in opportunity zones in St. Louis and Kansas City, Missouri, would be exempt from those cities' earnings taxes under a bill approved by the state's House of Representatives.

Minn. Panel Advances New Markets Tax Credit Plan

By Sanjay Talwani

Minnesota would establish a new markets tax credit program similar to the federal credit for investments in qualified community development entities under legislation advanced by a state House of Representatives panel.

Ky. Allows Special Property Tax In Development Project Areas

By Zak Kostro

Kentucky authorized taxing districts organized as part of regional economic development projects to impose a special tax on property located within their boundaries under a bill signed by Gov. Andy Beshear.

Md. Gov. Pitches Biz Programs, Tax Tweaks To State Panel

By Sanjay Talwani

Maryland would adjust and streamline several economic development programs, end some corporate tax breaks and expand or extend others under legislation that the governor pitched to a Senate panel Tuesday.

Md. House Bill Seeks End To Corporate Tax Credits

By Sanjay Talwani

Maryland would end several corporate tax credits and the state's opportunity zone program under legislation in the state House of Delegates.

Ill. Bill Seeks Redevelopment Zones With Lower Tax Rates

By Zak Kostro

Illinois would authorize local governments to designate community redevelopment zones with reduced retailers' occupation and use tax rates under a bill introduced in the state Senate.


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

January 14, 2025 07:11 PM

House GOP Urges TCJA Permanency At First 2025 Tax Hearing

July 30, 2024 04:42 PM

Local Leaders Ask Senate To Extend New Markets Credit

June 27, 2024 07:07 PM

Ill. Extends R&D Tax Credit, Adds Quantum Computing Credits

June 5, 2024 05:58 PM

Colo. To Exempt Modular Homes From Sales Tax

May 20, 2024 08:49 PM

Opportunity Zones Helped Restore Pa. City, House Panel Told

May 14, 2024 05:33 PM

Colo. Lawmakers OK Sales Tax Exemption For Modular Homes

March 14, 2024 05:59 PM

Economists Suggest UN Tackle CFC Rules, Other Tax Policies

January 19, 2024 01:08 PM

NJ Denies Tax Break For Cannabis Sales In Enterprise Zones

January 3, 2024 01:00 PM

Lawyers Launch Miami-Based Opportunity Zone Fund

December 7, 2023 06:55 PM

NJ Bills Would Allow Lower Tax Rate On Land Improvements

December 6, 2023 08:22 PM

GOP Reps. Call For Renewal Of Business Tax Breaks

December 6, 2023 02:50 PM

Developer Says PNC Isn't Owed In Housing Tax Credits

September 25, 2023 08:45 PM

Lawmakers Eye More Clarity, Fairness In Opportunity Zones

August 9, 2023 05:18 PM

Mo. Local Sales Tax Applies To Cottage Bookings, Dept. Says

June 16, 2023 04:34 PM

Opportunity Zones Working But Could Be Improved, Pros Say

June 14, 2023 11:50 AM

La. Extends Tax Breaks For Biz Investment To 2030

June 12, 2023 04:03 PM

Texas Creates Property Tax Incentive For Commercial Property

June 9, 2023 06:19 PM

GOP Tax Bills Would Extend Bonus Depreciation, R&D Breaks

June 9, 2023 05:44 PM

Okla. Boosts Tax Credit For Film Production Expenditures

June 6, 2023 05:03 PM

IRS Urged To Let Qualified Opportunity Funds File Form Late