Opportunity Zones

Top News

Ky. Legislators OK Data Center, Remote Worker Tax Breaks

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.

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

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.

Conn. House OKs Tax Break For Opportunity Zone Data Centers

By Asha Glover

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

NY Bill To Decouple From Opportunity Zones Gains Support

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.

Weekly Internal Revenue Bulletin

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.

Proposed Historic Rehab Credit Expansion Gaining Steam

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.


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 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

November 9, 2020 06:40 PM

GAO Asks Congress To Let Treasury Evaluate Opportunity Zones

November 8, 2020 11:27 AM

Democrats Face Hurdles Putting Biden Tax Plan In Place

November 6, 2020 07:31 PM

Nexus Rule Reflects Long-Held IRS Views, Official Says

November 6, 2020 05:01 PM

V&E, Clifford Chance Guide Aspire's $300M IPO

October 30, 2020 08:02 PM

New Census Data May Trigger Rethink Of Opportunity Zones

October 30, 2020 07:06 PM

'Made In America' 2020 Tax Policies Short On Details

October 27, 2020 06:47 PM

Post-Election Tax Policy Scenario 1: A Republican Sweep

October 20, 2020 04:58 PM

Biden Win Could Spark Revamp Of Opportunity Zone Program

September 29, 2020 04:43 PM

Opportunity Zone Order May Not Attract Private Investment

September 25, 2020 01:20 PM

Biden's Corporate AMT Proposal Could Hurt Tax Equity Market

September 25, 2020 01:41 PM

Tax Break In Philly And Millionaires In NJ: SALT In Review

September 16, 2020 01:32 PM

NY Bill Would Require Opportunity Zone Fund Reporting