Two state departments in Michigan–the Michigan State Housing Development Authority and the Michigan Economic Development Corporation–launched a website dedicated to providing information and resources on the state’s opportunity zones (OZs). The site, www.miopportunityzones.com, is designed for investors, entrepreneurs, community leaders, developers, builders and others involved with OZs and related tax incentives.
The California state legislature tomorrow will adjourn for the year without considering opportunity zones (OZ) state conformity legislation. The deadline to introduce legislation for consideration in the 2019 legislature was Sept. 10. The next chance for the California state legislature to address OZ conformity will be when it reconvenes in January 2020.
The U.S. Department of Housing and Urban Development (HUD) today published a revised notice that provides program instructions for the Rental Assistance Demonstration (RAD) program, including eligibility and selection criteria.
The U.S. Department of Commerce published a request for information notice in Tuesday’s Federal Register seeking input on how the federal government can align various programs and resources to encourage and facilitate beneficial investments in opportunity zones (OZs). The Department of Commerce seeks information from states, local and tribal officials, colleges, nonprofits, philanthropic organizations and other investors and stakeholders.
The Internal Revenue Service updated its Opportunity Zones Frequently Asked Questions (FAQs) page with guidance on when investors can adjust basis to fair market value, where a list and map of designated qualified opportunity zones (OZs) can be found, how to become a qualified opportunity fund and whether inventory in transit can be qualified OZ business property. The Sept.
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