Daily Tax Report: State
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Pelosi Pares Goals for New Stimulus Bill With Eye on Faster Help

House Speaker Nancy Pelosi scaled back her ambitions for Congress‘s next coronavirus stimulus package to focus on additional direct payments to individuals and expanded loans to businesses, possibly leaving an $800 billion infrastructure plan and other Democratic priorities for a later bill.

Newsom Caught in the Middle of California Property Tax Fight (1)

California companies want the state to extend property tax deadlines, while Oklahoma will consider tapping its Rainy Day Fund. Colorado, meanwhile, is pushing out due dates for businesses to file and pay sales taxes. Here’s the latest on shifting state tax guidelines, deadlines, and policy to deal with the new coronavirus pandemic. For our Thursday 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