Cities and states are altering local policies to maximize benefits for private investors in Opportunity Zones.
"West Virginia lawmakers are looking at an income tax exemption for new opportunity zone investment. Florida is trying to align its opportunity zones with preexisting enterprise zones, which would give investors the benefits of both programs. In Connecticut, some legislators want to exempt historic preservation requirements in opportunity zones if the building has been vacant for more than five years. Maryland lawmakers are considering two bills -- one that would offer tax credits to opportunity zone businesses that hire former inmates and another that would offer historic preservation tax credits to businesses that locate in opportunity zones ...At the local level, five mayors -- of Erie, Pa.; Louisville, Ky.; Oklahoma City; South Bend, Ind., and Stockton, Calif. -- have released an investment plan aimed at attracting opportunity zone investment."
FULL STORY: States, Cities Add Sweeteners to Attract 'Opportunity Zone' Investors
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