Senators to Introduce Opportunity Zone Data Mandates Bill (2)

The original Senate authors of the opportunity zone tax incentives plan to introduce a bill to reinstate requirements for the Treasury Department to collect data on and disclose the tax breaks’ progress—a provision lawmakers took out of the 2017 tax law before its passage.

Sens. Cory Booker (D-N.J) and Tim Scott (R-S.C.)—who were behind the 2017 Investing in Opportunity Act legislation, which lawmakers folded into the tax overhaul—will file a bill the week of May 6 that both includes and builds upon the data reporting requirements in their earlier bill (S. 293), a senior Senate aide told Bloomberg ...