Opportunity Zones

Top News

Ill. Extends R&D Tax Credit, Adds Quantum Computing Credits

By Zak Kostro

Illinois extended its research and development tax credit, expanded eligibility for a program that provides tax breaks to electric vehicle manufacturers and created tax credits for quantum computer component parts manufacturers under a bill signed by Gov. J.B. Pritzker.

Colo. To Exempt Modular Homes From Sales Tax

By Jaqueline McCool

Colorado will exempt new modular home sales from state tax under a bill signed into law by Gov. Jared Polis.

Opportunity Zones Helped Restore Pa. City, House Panel Told

By Asha Glover

The Tax Cuts and Jobs Act's provisions, especially the law's opportunity zones aimed at boosting economic investment in distressed communities, have been integral in the economic restoration of Erie, Pennsylvania, panelists told the House Ways and Means Committee's tax policy subcommittee Monday.

Colo. Lawmakers OK Sales Tax Exemption For Modular Homes

By Sanjay Talwani

New modular homes would be exempt from Colorado's sales and use taxes, saving taxpayers about $1 million annually, under legislation passed by lawmakers and heading to Gov. Jared Polis.

Economists Suggest UN Tackle CFC Rules, Other Tax Policies

By Kevin Pinner

Governments should look at coordinating globally on controlled foreign corporation rules, economic substance requirements, financial transparency, excess profits taxes, inheritance taxes and wealth taxes in negotiations on the nascent United Nations tax convention, economists said Thursday at a conference in Paris.

NJ Denies Tax Break For Cannabis Sales In Enterprise Zones

By Zak Kostro

New Jersey will not allow sales of medical and recreational cannabis by businesses in designated urban enterprise zones to be eligible for a reduced sales tax rate under a bill signed by Democratic Gov. Phil Murphy.


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 3, 2024 01:00 PM

Lawyers Launch Miami-Based Opportunity Zone Fund

December 7, 2023 06:55 PM

NJ Bills Would Allow Lower Tax Rate On Land Improvements

December 6, 2023 02:50 PM

Developer Says PNC Isn't Owed In Housing Tax Credits

December 6, 2023 08:22 PM

GOP Reps. Call For Renewal Of Business Tax Breaks

September 25, 2023 08:45 PM

Lawmakers Eye More Clarity, Fairness In Opportunity Zones

August 9, 2023 05:18 PM

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

June 16, 2023 04:34 PM

Opportunity Zones Working But Could Be Improved, Pros Say

June 14, 2023 11:50 AM

La. Extends Tax Breaks For Biz Investment To 2030

June 12, 2023 04:03 PM

Texas Creates Property Tax Incentive For Commercial Property

June 9, 2023 05:44 PM

Okla. Boosts Tax Credit For Film Production Expenditures

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