Opportunity Zones

Top News

Colo. Lawmakers OK Extending Enterprise Zone Tax Break

By Sanjay Talwani

Some Colorado businesses that suffered from the COVID-19 pandemic could extend for five years the carryforward period for unused state job growth incentive and enterprise zone tax credits under legislation passed by the General Assembly and heading to the governor.

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

By Sanjay Talwani

A company operating in Oregon seeking a change to its enterprise zone property tax exemption may present evidence that a county assessor said was untimely, a judge said, because the filings did not seek to add properties to the exemption.

Colo. Lawmakers OK Expanding Housing Tax Credit

By Sanjay Talwani

Colorado would replace and expand an income tax credit for contributions toward housing for people experiencing homelessness, under legislation approved Friday by the state Senate.

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

By Sanjay Talwani

A New York tribunal upheld the reduction of enterprise zone tax credits for owners of B&H Foto, saying in decisions released Thursday that authorities correctly applied the company's business allocation percentage to the owners' income to determine the credit.

Maryland Extends Job Tax Credit Program

By Jaqueline McCool

Maryland will extend an income and property tax break program for job creation by five years under a bill signed by the governor.

Letters On Fixing Opportunity Fund Certifications Set For April

By Emlyn Cameron

Letters about actions that taxpayers may need to take to maintain Qualified Opportunity Fund certification will begin to be sent this month, the Internal Revenue Service 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

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

November 15, 2021 03:56 PM

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

November 9, 2021 12:02 PM

Ways And Means Subcommittee To Discuss Opportunity Zones

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