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Wisconsin Legislators Introduce House Bill to Increase State Tax Benefit for OZ Investments

Wednesday, October 16, 2019 - 4:00PM

Wisconsin legislators this week introduced a House bill that would allow investors to decrease the amount of capital gains subject to income and franchise taxation by investing in a Wisconsin opportunity zone (OZ). H.B. 532 is a companion bill to S.B. 440, which was introduced in September, and would increase the tax benefit for investors in qualified opportunity funds (QOF) that hold at least 90 percent of their assets in Wisconsin OZ projects. Wisconsin conforms to the Internal Revenue Code concerning OZs, but H.B. 532 would allow an additional 10 percent capital gains tax reduction for investors who hold their investment in a Wisconsin-centered QOF for five years and an additional 15 percent for investors after seven years.

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