Recent News

Monday, July 22, 2019

A 10 percent tax credit for investments in the state’s opportunity zones is part of the fiscal year 2020-21 budget signed by Gov. Mike DeWine. The credit, originally part of S.B. 8, is for investments in qualified opportunity funds that hold 100 percent of invested assets in Ohio. There is a $1 million cap per taxpayer for each fiscal biennium and a statewide cap of $50 million per fiscal biennium.

Tuesday, July 16, 2019

The U.S. Securities and Exchange Commission (SEC), along with the North American Securities Administrators Association, issued a statement today explaining the application of state and federal securities laws to opportunity zones (OZ) funds, along with guidance for Main Street investors to participate.

Monday, July 15, 2019

Pennsylvania Gov. Tom Wolfe signed legislation that includes a provision to conform the state’s personal income tax code to the Internal Revenue Code for investments in opportunity zones. H.B. 262 amended the Pennsylvania Tax Reform Code of 1971 for all tax years beginning after Dec. 31, 2019.

Tuesday, July 9, 2019

Novogradac will resume at 12:45 p.m. EST its YouTube and Facebook live stream of today’s Treasury Department hearing on proposed opportunity zones regulations.

Tuesday, July 9, 2019

Novogradac’s YouTube channel is live streaming today’s Treasury Department hearing on proposed opportunity zones regulations. The hearing is taking place near Washington, D.C., and includes statements from several individuals and groups with feedback on April’s proposed regulations. You can watch the hearing here. A recording will also be available after the live stream has concluded.

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