Bloomberg Tax
Nov. 9, 2020, 5:04 PM

Watchdog Seeks More Data to Evaluate Trump’s Opportunity Zones

Laura Davison
Laura Davison
Bloomberg News

Congress should consider requiring more data collection about Opportunity Zones in order for government watchdogs to be able to determine their effectiveness, according to a new report from the Government Accountability Office.

  • “Additional data collection and reporting on OZ are necessary to evaluate outcomes,” the GAO said in a report Monday. “It would be beneficial for Congress to indicate what questions it would like such evaluations to address, such as what are OZ’s effects on employment and housing in the Zones”
  • Investment in Opportunity Zones can reap large capital gains tax savings for investors if projects align with certain rules ...