Fellow Democrats Stop California Governor’s Opportunity Zone Push

California Gov. Gavin Newsom has failed to win support from lawmakers to create state-level opportunity zone tax breaks this year.

Newsom narrowed an already narrow proposal in last-minute negotiations this week with fellow Democrats, who control both houses of the legislature. But his plan never emerged by the Sept. 10 deadline for bills to be eligible for votes before lawmakers adjourn for the year Sept. 13.

“The administration remains committed to advancing the key priorities of affordable housing and green technology,” Newsom spokesman Jesse Melgar said.

Newsom wanted to give investors in California projects the chance to defer or reduce ...