Taxes

It’s spring-cleaning time, and this year Congress’s efforts could include tidying up the Opportunity Zone program. The discussion over how best to do that got a fresh injection of energy recently. The Opportunity Zones Transparency, Extension, and Improvement Act was introduced on April 7, and it proposes significant changes to sections 1400Z-1 and -2. Like
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As if COVID-19 hasn’t been hard enough on cities, a new report from the Institute on Taxation and Economic Policy (ITEP) raises another worry—lost tax revenues from a weak office sector. Linking data on offices with employment information (especially on working from home), ITEP worries many cities will face declining revenues. The logic works like
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