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Opportunity Zones

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$3.9 Trillion Price Tag On House Budget Bill's Tax Provisions

By Asha Glover

Tax provisions included in the House-passed budget reconciliation bill that would extend and make permanent many provisions in the 2017 tax overhaul would cost $3.9 trillion over the next decade, according to a report released Wednesday by the Joint Committee on Taxation.

House Republicans Send Trump's $3.8T Budget Bill To Senate

By Asha Glover and Stephen K. Cooper

The U.S. House of Representatives voted along party lines early Thursday to approve a $3.8 trillion bill to extend and make permanent the Republican Party's 2017 tax overhaul law, clearing the measure for Senate consideration by July 4.

What The 'Big, Beautiful Bill' Proposes For Opportunity Zones

By Charlie Innis

As Congress moves forward with the budget reconciliation bill, one program that has been popular with investors and was meant to spur development in low-income neighborhoods could receive a makeover if the One Big Beautiful Bill Act becomes law.

Colorado To Keep State Tax On Overtime Income

By Sanjay Talwani

Overtime income will continue to be taxed in Colorado, even if exempted from federal taxation, under legislation signed by Democratic Gov. Jared Polis that also limits the state's enterprise zone tax credit.

Key House Panel Advances Budget With $3.8T Tax Overhaul

By Asha Glover and Stephen K. Cooper

The House Budget Committee voted late Sunday to approve the chamber's budget reconciliation package, including a $3.8 trillion tax bill that would renew and make permanent large parts of the GOP's 2017 tax overhaul law.

House Plans Vote On Budget Bill With Tax Package Next Week

By Asha Glover

Republican leaders in the House plan to hold a vote next week on the chamber's budget bill that includes the GOP's $3.8 trillion tax package, with the aim of sending the legislation to the Senate before Memorial Day, Ways and Means Committee Chairman Jason Smith said Thursday. 


Expert Analysis

Opportunity Zone Revamp Could Improve The Program

If adopted, the budget bill's new iteration of the opportunity zone program could renew, refine and enhance the effectiveness and accountability of the original program by including structural reforms, expanded eligibility rules and incentives for rural investment, say attorneys at Pillsbury.

A Tough Road Ahead for Democrats' Ambitious Policy Agenda

While Democrats in Congress are well on their way to enacting an initial COVID-19 relief bill, they will face challenges when pivoting to President Joe Biden's Build Back Better goals for job creation and economic revitalization, say Russell Sullivan and Radha Mohan at Brownstein Hyatt.

Opportunity Zone Pandemic Relief Is Welcome, But Limited

The Internal Revenue Service's new notice relaxing deadlines and requirements for opportunity zone investors during the pandemic is helpful, but misses an opportunity to clarify important safe harbors, says Jessica Millett at Duval & Stachenfeld.

MORE COVERAGE

May 14, 2025 07:37 PM

House Panel To Fold $3.8T Tax Overhaul Into Budget Package

May 13, 2025 07:50 PM

House Panel Clears $3.8T Extension of 2017 Tax Overhaul Law

May 7, 2025 06:28 PM

Colo. Lawmakers OK Keeping Taxes On Overtime

April 15, 2025 03:48 PM

Mo. House OKs Earnings Tax Break In Opportunity Zones

April 11, 2025 03:28 PM

Minn. Panel Advances New Markets Tax Credit Plan

April 3, 2025 02:25 PM

Ky. Allows Special Property Tax In Development Project Areas

March 4, 2025 06:16 PM

Md. Gov. Pitches Biz Programs, Tax Tweaks To State Panel

February 4, 2025 01:56 PM

Md. House Bill Seeks End To Corporate Tax Credits

January 23, 2025 12:00 PM

Ill. Bill Seeks Redevelopment Zones With Lower Tax Rates

January 14, 2025 07:11 PM

House GOP Urges TCJA Permanency At First 2025 Tax Hearing

July 30, 2024 04:42 PM

Local Leaders Ask Senate To Extend New Markets Credit

June 27, 2024 07:07 PM

Ill. Extends R&D Tax Credit, Adds Quantum Computing Credits

June 5, 2024 05:58 PM

Colo. To Exempt Modular Homes From Sales Tax

May 20, 2024 08:49 PM

Opportunity Zones Helped Restore Pa. City, House Panel Told

May 14, 2024 05:33 PM

Colo. Lawmakers OK Sales Tax Exemption For Modular Homes

March 14, 2024 05:59 PM

Economists Suggest UN Tackle CFC Rules, Other Tax Policies

January 19, 2024 01:08 PM

NJ Denies Tax Break For Cannabis Sales In Enterprise Zones

January 3, 2024 01:00 PM

Lawyers Launch Miami-Based Opportunity Zone Fund

December 7, 2023 06:55 PM

NJ Bills Would Allow Lower Tax Rate On Land Improvements

December 6, 2023 08:22 PM

GOP Reps. Call For Renewal Of Business Tax Breaks