The budget for California’s next fiscal year is expected to be completed in the next month and through the budget process, leadership will determine the extent to which the state will provide state income tax opportunity zones (OZ) incentives to encourage investment in distressed communities. This process is an important opportunity for California to leverage this new community development tool to enhance the efficiency of other state, county or city programs that have limited resources.
Read MoreInvestors who want to make a positive social or environmental impact while earning a financial return would seem naturally drawn to investing in “opportunity zones,” low-income areas throughout the U.S. designated by governors in each state as in need of economic development.
Read MoreDistressed America is Wall Street’s hottest new investment vehicle.
Read MoreThe Opportunity Zone tax break is conditioned on investing in economically left-behind places where patient, equity capital is a scarce commodity.
Read MoreLearn about what RevOZ is up to…
Read MoreFind out how to qualify for ozone tax benefits
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Read MorePresident Donald Trump has launched a new interagency council to help funnel federal spending into the designated low-income zones created in last year’s tax bill.
Read MorePresident Trump signed an Executive Order on Wednesday creating the White House Opportunity and Revitalization Council. Housing and Urban Development Secretary Ben Carson will chair the new council which aims to coordinate federal agencies’ efforts to revitalize low-income communities through Opportunity Zones.
Read MoreThe rollout of new tax incentives should prompt investment.
Read MoreThe Treasury Department on Friday released proposed rules about the “opportunity zone” program created by President Trump’s tax law, which is designed to help spur new investments in distressed communities.
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