Scott, Booker Plan to Extend Opportunity Zone Incentives (1)

The original authors of the 2017 tax law’s opportunity zones tax breaks plan to introduce a bill that would extend an incentive that expires for investors who take advantage of the provision after 2019, an aide to one of the lawmakers said.

“The regulations have taken a little longer than anticipated,” said Shafron “Shay” Hawkins, legislative assistant to Sen. Tim Scott (R-S.C.). The bill, to be introduced with Sen. Cory Booker (D-N.J.), would move back by one year the start date of the tax breaks.

That would mean more investors could take advantage of the ability to shield ...