House Transparency Bill Would Give States Opportunity Zone Data

A recent bill in Congress, mandating reporting on opportunity zone investments, could finally provide states with the information they’ve been seeking on the federal tax break for years.

Many states that have offered their own opportunity zone benefits remain uncertain about whether the money they have foregone in recent years—by offering the same tax treatment at the state level—has yielded any returns. That’s due primarily to the removal of reporting requirements for opportunity zone investments before passage of the 2017 federal tax law, which created the program to provide preferential tax treatment of capital gains for individuals investing in federally ...