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House Tax Writers to Weigh Oversight of Opportunity Zones Perk

Oct. 28, 2019, 4:37 PM

Oversight of the opportunity zones tax break will be the focus of an Oct. 29 meeting of some House Ways and Means Committee members.

The meeting of the Oversight and Select Revenue Measures subcommittees, which has been in the works for several weeks, comes amid broader scrutiny of the tax breaks established in the 2017 tax law.

  • The opportunity zones provision—pitched as a way to drive investment into low-income areas—allows investors in designated areas to defer and reduce capital gains tax liabilities.
  • The four people scheduled to speak at the meeting, according to a committee aide, are: David Phinney of ...