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Reported Equity Jumps More than 50 Percent from December Totals
A bill to conform Wisconsin’s tax code to the federal Internal Revenue Code concerning opportunity zones (OZs) and to double the exclusion for capital gains invested in Wisconsin-based OZs passed the state Senate and is on the desk of Gov. Tony Evers.
Wisconsin Gov. Tony Evers signed legislation this week to allow state taxpayers to double the state income and franchise tax exclusion treatments for capital gains invested in Wisconsin-centered qualified opportunity funds (QOFs), defined as QOFs that hold at least 90 percent of assets in Wisconsin opportunity zones projects.
Low-Income Housing Tax Credit and Private Activity Bond Allocation Caps for 2020; Affordable Housing Credit Improvement Act Co-sponsors Update; Energy Extenders Amendment (S. 2657) to the American Energy Innovation Act; Timing of California Debt Limit Allocation Committee and California Tax Credit Allocation Committee Applications; Proposed California NMTC (A.B. 3101); Enacted Wisconsin Opportunity Zones Incentive (A.B. 532).