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U.S. Conference of Mayors Asks IRS for Opportunity Zones Guidance

Wednesday, September 5, 2018 - 12:00PM

The U.S. Conference of Mayors sent a letter to the Internal Revenue Service (IRS) and U.S Department of Treasury asking for “timely and effective IRS guidance” for the implementation of opportunity zones provisions. The letter specifies five reasons for guidance to be issued in a timely manner, including the need for sufficient time for meaningful investments in affordable housing. The opportunity zones incentive was enacted as part of the tax legislation that passed in December 2017.

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