Opportunity Zones

By Stephen K. Cooper

Amid rising concerns about opportunity zones' efficacy in addressing economic disparities in impoverished areas, lawmakers will propose legislative reforms this week requiring mandatory data reporting of opportunity zone investments in hopes of creating a more transparent and accountable system.

By Jaqueline McCool

A Missouri resort operator is required to pay a district tax on reservations of cottages because the tax applies to sales of tangible personal property and provisions of services, the state Department of Revenue said in a ruling.

By Dylan Moroses

The federal opportunity zone program is working as intended to drive investments into lower-income census tracts, but tax professionals say the rules around qualifying investments in operating businesses could be relaxed to fund more diverse projects.

By Jared Serre

Louisiana extended a tax credit program allowing transferable credits for certain investments until 2030 under a bill signed into law.

By Michael Nunes

Texas will be able to limit the taxable value of some commercial properties used by businesses to build or expand existing facilities if companies agree to meet certain capital investment and job creation criteria under a bill signed by Republican Gov. Greg Abbott.

By Zak Kostro

Oklahoma increased the maximum base amount of a tax credit for eligible film production expenditures under a bill signed by the governor.