Recent News

Wednesday, February 12, 2020

A bill introduced in the Utah House of Representatives would create a tax credit for building eligible parking structures in opportunity zones (OZs) and make affordable housing in OZs eligible for state programs. H.B. 299 would create a nonrefundable tax credit for 25 percent of eligible construction costs paid for an eligible parking structure in an OZ.

Tuesday, February 11, 2020

Illinois legislation would create a 10 percent state tax credit for investments in qualified opportunity funds that invest in the state’s opportunity zones. H.B. 4761 would create the credit for tax years beginning on or after Dec. 31, 2020, with a cap of $50 million for each two-year fiscal period. There would be a taxpayer cap of $1 million and the credit could be carried forward five years.

Friday, February 7, 2020

The White House Opportunity and Revitalization Council today publicly released its report to President Donald Trump, highlighting its achievements and calling for legislation to measure and report the impact of opportunity zones (OZs).

Monday, February 3, 2020

The Internal Revenue Service released final versions of two forms related to the opportunity zones incentive. The final version of Form 8996–Qualified Opportunity Fund and its instructions include three clarifications of instructions.

Friday, January 31, 2020

The Puerto Rico Department of Economic Development and Commerce announced  the release of draft opportunity zone (OZ) regulations Thursday that establish the rules, requirements and criteria that will be used for the request and issuance of decrees.

Novogradac Opportunity Zones Mapping Tool
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Find opportunity zones by zip code, census tract, and more.
Opportunity Zones Working Group
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The Opportunity Zones Working Group suggests consensus solutions to technical Opportunity Zones incentive issues.
Opportunity Funds Listing
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A listing of funds formed to invest in opportunity zones.
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