Daily Tax Report: State

Ohio Governor Looks to Expand Opportunity Zones and Reporting

Oct. 10, 2019, 9:51 PM

Ohio is offering investors up to $1 million in tax credits to further sweeten federal incentives for reinvesting capital gains in Opportunity Zones, but so far it’s unclear whether the move is making a dent.

“The jury is still out on this thing,” Gov. Mike DeWine (R) told Bloomberg Tax after an Oct. 10 Urban Institute seminar on how developers can steer funds better toward poverty-fighting projects. “We gotta let this thing play out a bit and see what’s working.”

Other speakers at the Cleveland event indicated they didn’t wait for state incentives to jump into the federal...

To read the full article log in. To learn more about a subscription click here.