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Opportunity Zones (OZs), created by the 2017 tax reform, aim to boost economic growth in low-income...
New legislation aims to revive interest in Opportunity Zones (OZs) by amending current statutes. If passed, it will extend tax benefits for investors and allow funds to diversify. The legislation addresses criticisms by ending OZ status for wealthy areas and imposing new reporting requirements. Despite bipartisan support, the political climate makes the outcome uncertain.
Read more from the article written by Tonkon Torp here
