Daily Tax Report: State
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Illinois Warns Revised Deadlines May Require Taxpayer Action

Illinois warned taxpayers they may need to act to reschedule payments. Georgia, meanwhile, is extending the deadline to file for conservation tax breaks, and Utah says it will be holding tax appeals only by telephone for now. Here’s the latest on shifting state tax guidelines, deadlines, and policy to deal with the coronavirus pandemic. For Monday’s coverage click here. Here’s a state-by-state roadmap.

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Opportunity Zones: Will Tax Break for Investors Benefit Communities Too?

The 2017 tax overhaul included incentives to invest in distressed communities. Investors benefit from tax breaks and the designated opportunity zones benefit from economic investment, but critics say already-wealthy investors don’t need these breaks.

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New York City Has a Property Tax Problem

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Tax Code Is Weaponized in Feds' Fight Against Virus

How Congress Will Step in to Solve State Tax Chaos

Virus for CFOs is Recession, 9/11 and War All-in-One