2020 Census Could Expand Opportunity Zones Chosen for Tax Breaks

Investors across the country have been asking state officials to expand the areas designated for the 2017 tax law’s opportunity zone tax breaks—and changes related to the 2020 Census may give those investors a new chance to get what they ask for.

The Census Bureau is revising census tract boundaries, potentially giving state governments the ability to cover more of their states in opportunity zones, nearly two years after they requested a limited number of census tracts for the incentive in the wake of the tax law’s passage. Such expansions would provide investors with additional options for projects that ...