James O. Lang, Sanford C. Presant, Erez I. Tucner, Brian Gaudet, and Laura Hendee of Greenberg Traurig LLP, have made available for download their article, “Bipartisan Proposed Legislation Released for Qualified Opportunity Zone Investments”, published in Greenberg Traurig Tax Legacy Advisors. The article begins as follows:
In a bipartisan effort to pass new legislation to extend and provide for increased reporting under the Qualified Opportunity Zone (QOZ) Program, on April 7, 2022, members of Congress introduced the Opportunity Zones Transparency, Extension, and Improvement Act (the Act). Sens. Cory Booker (D-NJ), Tim Scott (R-SC), Mark Warner (D-VA), Chris Van Hollen (D-MD), and Todd Young (R-IN) introduced Senate bill S.4065, and Reps. Ron Kind (D-WI-03), Mike Kelly (R-PA-16), Terri Sewell (D-AL-07), Dan Kildee (D-MI-05), and Jackie Walorski (R-IN-02) introduced House bill HR 7467.
Click here to see the full article: “Bipartisan Proposed Legislation Released for Qualified Opportunity Zone Investments”
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.