Congress Made Opportunity Zones Permanent. Here’s What Happens Next

Congress Made Opportunity Zones Permanent. Here’s What Happens Next

Many commercial real estate developers and investors have been anxiously waiting to see what the second iteration of the opportunity zone tax incentive program would look like, and now they have their answer. The final version of the One Big Beautiful Bill Act that Congress passed last week and President Donald Trump signed included a provision to make the opportunity zone program permanent, as it was scheduled to sunset next year. The bill also…

NY’s Choice: End NYS Opportunity Zones Now, or Pay Billions to Out-of-State Luxury Housing – Forever - Reinvent Albany

With Trump’s budget making OZs, Albany must decouple NY from the federal code or lose billions to tax breaks for out-of-state guns, oil, crypto, and condos   President Trump’s budget made Opportunity Zones a permanent part of the federal tax code. For four straight years, the State Senate has acted to end NY’s OZ tax break by passing S3340 (Gianaris) / A3246 (Dinowitz). Now, the Assembly and Governor Hochul have a choice: Pass and sign the bill,…