Opportunity Zones

By Abraham Gross

Kentucky would provide a sales and use tax exemption to tangible personal property and equipment used for certain data centers in the state and provide a tax credit to remote workers, under a bill passed by the state Legislature.

By Paul Williams

Connecticut will offer sales and property tax exemptions for certain data centers that make $50 million in investments in opportunity zones, or $200 million in investments in other areas of the state, under a bill approved by the governor.

By Asha Glover

Connecticut's state House on Wednesday approved a bill that would give tax breaks to data centers investing in opportunity zones.

By James Nani

New York unions and advocacy groups threw their support Monday behind a bill that would decouple New York City and state law from the federal opportunity zone law, potentially eliminating local tax breaks for capital gains.

By Eli Flesch

The Internal Revenue Service released its weekly Internal Revenue Bulletin on Friday, highlighting regulations on how to determine whether an employee is receiving excess parachute payments, and notice extending virus relief for qualified opportunity funds.

By Alan K. Ota

A bipartisan push to broaden the tax credit for rehabilitation of historic buildings has gained momentum on Capitol Hill, as lawmakers search for ways to encourage Main Street redevelopment during the novel coronavirus pandemic.