New York legislators have moved forward in their 2021 budget process to limit some of the state Opportunity Zone benefits that had previously applied in New York. Some commentators have pointed to the budget process reduction of benefits as a
Opprotunity Zones - Insights From the Land of Oz
The blog "Opportunity Zones - Insights From the Land of Oz," published by Duane Morris LLP, focuses on legal and regulatory developments related to Opportunity Zones. It covers legislative updates, tax implications, and government programs affecting Opportunity Zones, including analysis of major tax bills and their impact on the Opportunity Zone program. The blog also discusses funding initiatives and grants for real estate developers within these zones, providing insights into policy changes and practical considerations for stakeholders involved in Opportunity Zone investments and development projects.
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OZ: Bi-Partisan Legislation introduced to extend OZ investment period to 2028
Who says our Congress is not interested in bi-partisan legislation? U.S. Representatives Tim Burchett (TN-02) and Henry Cuellar (TX-28) introduced a bi-partisan piece of legislation entitled the Opportunity Zone Extension Act of 2021. This bipartisan legislation would extend the Opportunity…