State Opportunity Fund Tax Credit Proposed in Ohio
Legislation was introduced to create a 10 percent state tax credit in Ohio for taxpayers who invest in an Ohio-based opportunity fund that participates in the federal opportunity zones (OZ) incentive. H.B. 727 would provide the state tax credit to taxpayers who invest at least $250,000 in an opportunity fund that holds 100 percent of its assets in a qualified OZ business or qualified OZ property in a designated Ohio qualified OZ. Hear the latest about the OZ incentive and make new connections at the Novogradac 2018 Opportunity Zones Conference, Oct. 2-3 in New Orleans.