Opportunity Zones

Top News

Lawmakers Eye More Clarity, Fairness In 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.

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

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.

Opportunity Zones Working But Could Be Improved, Pros Say

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.

La. Extends Tax Breaks For Biz Investment To 2030

By Jared Serre

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

Texas Creates Property Tax Incentive For Commercial Property

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.

Okla. Boosts Tax Credit For Film Production Expenditures

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.

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.


June 9, 2023 06:19 PM

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

June 6, 2023 05:03 PM

IRS Urged To Let Qualified Opportunity Funds File Form Late

May 30, 2023 06:16 PM

Texas Sets Process For Possible Local Child Care Tax Breaks

May 25, 2023 01:38 PM

Texas Voters To Weigh In On Child Care Tax Break Proposal

May 19, 2023 01:13 PM

Ill. To Provide Tax Breaks For Construction Projects

May 17, 2023 06:34 PM

Texas Lawmakers OK Local Tax Break For Child Care Property

May 9, 2023 06:49 PM

Md. To Expand Film Production Tax Credit, Boost Annual Cap

May 9, 2023 11:31 AM

Ga. Extends Sales And Use Tax Break For Regional Projects

May 5, 2023 02:11 PM

Ind. Enables Coal Mine Reclamation Tax Credits Up To $5M

May 2, 2023 06:10 PM

RI Senate Bill Would Phase In $250K Biz Property Tax Break

April 17, 2023 05:20 PM

Ark. To Provide Data Center Equipment Sales, Use Tax Break

April 13, 2023 05:02 PM

ND Creates Tax Break For Some Feedstock Refinery Materials

April 12, 2023 05:59 PM

Md. Extends Sales Tax Break For Some Construction Material

April 10, 2023 02:31 PM

Ark. Lawmakers OK Tax Break For Water Transport Upgrades

April 5, 2023 04:26 PM

Wis. Senate Bill Seeks Sole Proprietor Employee Tax Credit

April 3, 2023 05:35 PM

Ga. Lawmakers OK Extended Tax Break For Regional Projects

March 30, 2023 05:39 PM

NY Tax Tribunal OKs Cut To Couple's Enterprise Zone Credits

March 29, 2023 05:49 PM

Va. Extends Sales, Use Tax Break For Data Center Operators

March 28, 2023 02:42 PM

SD To Hike Property Tax Break For Local Development Corps.

March 22, 2023 01:40 PM

Okla. Senate OKs Tax Exemption For New Hydrogen Makers