Opportunity Zones

Top News

GOP Senators Pursue Vote On Wide-Ranging Budget Bill

By Stephen K. Cooper

The Senate was gearing up Saturday to vote on a sweeping Republican budget resolution that would permanently renew expiring tax rates and business breaks, dismantle dozens of clean energy incentives and slash healthcare spending.

Nelson Mullins Looks To Beat The Opportunity Zone Curve

By Andrew McIntyre

As Congress debates President Donald Trump's budget bill, which would extend the opportunity zone program started in his Tax Cuts and Jobs Act of 2017, Nelson Mullins has ramped up the firm's practice in anticipation of a steady flow of investment work there, one of the group's leaders told Law360 Real Estate Authority.

Senate Parliamentarian Cuts Key Tax Provisions In Budget

By Stephen K. Cooper

The Senate parliamentarian blocked key tax, healthcare and other provisions in the GOP's $3.8 trillion budget plan from qualifying for filibuster-proof votes on the Senate floor Friday, prompting Senate lawmakers to huddle with her behind closed doors into the evening.

Agreement Reached To Cut 'Revenge' Tax From Budget Bill

By Stephen K. Cooper

A proposal designed to protect U.S. multinational corporations from paying higher taxes abroad will be stripped from the GOP's budget reconciliation bill pending an agreement with the Group of Seven nations announced Thursday by the U.S. Treasury Department, leaders of House and Senate tax committees said. 

Wyden Vows To Fight For Energy Credits Facing GOP Repeal

By Kat Lucero

The top Senate Democratic tax writer vowed Tuesday to try to protect clean energy tax provisions of the 2022 Inflation Reduction Act that would face an early repeal under the sweeping tax and budget legislation released by Republicans in the Senate Finance Committee.

Senate Bill Sticks With TCJA's $10,000 SALT Cap

By Asha Glover

The Senate Finance Committee's tax portion of the chamber's budget reconciliation bill released Monday follows the House's lead on some provisions while breaking with the lower chamber's hard-won compromises on an increased state and local tax deduction and the phaseout of green energy credits.


Expert Analysis

Opportunity Zone Revamp Could Improve The Program

If adopted, the budget bill's new iteration of the opportunity zone program could renew, refine and enhance the effectiveness and accountability of the original program by including structural reforms, expanded eligibility rules and incentives for rural investment, say attorneys at Pillsbury.

A Tough Road Ahead for Democrats' Ambitious Policy Agenda

While Democrats in Congress are well on their way to enacting an initial COVID-19 relief bill, they will face challenges when pivoting to President Joe Biden's Build Back Better goals for job creation and economic revitalization, say Russell Sullivan and Radha Mohan at Brownstein Hyatt.

Opportunity Zone Pandemic Relief Is Welcome, But Limited

The Internal Revenue Service's new notice relaxing deadlines and requirements for opportunity zone investors during the pandemic is helpful, but misses an opportunity to clarify important safe harbors, says Jessica Millett at Duval & Stachenfeld.

MORE COVERAGE

June 13, 2025 11:48 AM

Fed. Tax Bill Primed To Reignite Conformity Talks In States

May 28, 2025 06:30 PM

$3.9 Trillion Price Tag On House Budget Bill's Tax Provisions

May 21, 2025 07:16 PM

House Republicans Send Trump's $3.8T Budget Bill To Senate

May 21, 2025 04:18 PM

What The 'Big, Beautiful Bill' Proposes For Opportunity Zones

May 20, 2025 12:50 PM

Colorado To Keep State Tax On Overtime Income

May 16, 2025 06:09 PM

Key House Panel Advances Budget With $3.8T Tax Overhaul

May 15, 2025 05:28 PM

House Plans Vote On Budget Bill With Tax Package Next Week

May 14, 2025 07:37 PM

House Panel To Fold $3.8T Tax Overhaul Into Budget Package

May 13, 2025 07:50 PM

House Panel Clears $3.8T Extension of 2017 Tax Overhaul Law

May 7, 2025 06:28 PM

Colo. Lawmakers OK Keeping Taxes On Overtime

April 15, 2025 03:48 PM

Mo. House OKs Earnings Tax Break In Opportunity Zones

April 11, 2025 03:28 PM

Minn. Panel Advances New Markets Tax Credit Plan

April 3, 2025 02:25 PM

Ky. Allows Special Property Tax In Development Project Areas

March 4, 2025 06:16 PM

Md. Gov. Pitches Biz Programs, Tax Tweaks To State Panel

February 4, 2025 01:56 PM

Md. House Bill Seeks End To Corporate Tax Credits

January 23, 2025 12:00 PM

Ill. Bill Seeks Redevelopment Zones With Lower Tax Rates

January 14, 2025 07:11 PM

House GOP Urges TCJA Permanency At First 2025 Tax Hearing

July 30, 2024 04:42 PM

Local Leaders Ask Senate To Extend New Markets Credit

June 27, 2024 07:07 PM

Ill. Extends R&D Tax Credit, Adds Quantum Computing Credits

June 5, 2024 05:58 PM

Colo. To Exempt Modular Homes From Sales Tax