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HILL TAX BRIEFING: Opportunity Zone Expansion Details Emerge

Oct. 29, 2020, 10:02 AM

More details are surfacing of President Donald Trump‘s plans to expand the 2017 tax law’s opportunity zone tax breaks if he wins a second term—a key investor deadline would be pushed back and states would get a chance to add zones.

The Trump administration has often described a vague expansion plan for the capital gains tax break, until recently when a White House official suggested a potential doubling of the number of eligible areas.

Following the 2017 tax law, governors could designate 25% of their eligible census tracts as opportunity zones, but they didn’t quite understand what they ...

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