Opportunity Zones

featured graphic for Michelle Steel, Congresswoman for California’s 48th District, after COVID-19

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Reps. Michelle Steel (CA-48), Burgess Owens (UT-4), María Salazar (FL-27), and Carlos Giménez (FL-26) announced the introduction of the Growth and Opportunity Act, legislation to extend Opportunity Zones past their current expiration of 2026. Created by the Tax Cuts & Jobs Act of 2017, Opportunity Zones are an economic development …continue reading

featured graphic for the California Budget and Policy Center

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In: Community, Government

The Opportunity Zones (OZ) program is a provision in the 2017 federal Tax Cuts and Jobs Act that provides federal tax incentives for investments in economically distressed communities that have been designated as OZs. There are 879 designated OZs in California, located in nearly all of the state’s counties, and Gavin Newsom’s 2019-20 budget proposal would …continue reading