The Oklahoma Department of Commerce announced Monday that it will use priority enterprise zones (PEZs) created in the Oklahoma Enterprise Zone Act to attract capital to federal opportunity zones (OZs) in the state.
Legislation in the Maryland state Senate to provide a 5 percent bonus for state historic tax credit (HTC) properties in opportunity zones (OZs) advanced from the Budget and Taxation Committee. S.B. 656 is a companion bill to legislation introduced in the House of Representatives. The legislation would expand projects eligible for the 5 percent increase to include OZs.
Legislation introduced in the Vermont Legislature would make investments made in opportunity zones eligible to apply annually for the state Downtown and Village Center Tax Credit, which is twice as often as other projects are allowed to apply. H 442 would expand eligibility under the program only for OZ investments.
Ohio Gov. Mike DeWine today said his proposed 2020-2021 budget will call for a 10 percent state income tax credit to attract investment to opportunity zones. DeWine will propose a nonrefundable credit using existing tax credit availability to create the new credit, according to a press release from DeWine’s office.
Three Virginia bills to provide a 35 percent state income tax credit for nonresidential solar equipment in specific areas, including opportunity zones, failed to advance in the state Legislature.
March 20, 2019 9:54am
March 20, 2019 8:54am
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March 19, 2019 12:27pm