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Utah House approves short-term tax and credit package to boost development in Opportunity Zones
Summary
The House passed a three-part bill to pair state incentives with federal Opportunity Zones — prioritizing air-quality credits, affordable housing credits and a temporary parking-structure tax credit near transit — sending the measure to the Senate after a 52–15 vote.
The Utah House on Feb. 26 passed a bill designed to encourage private investment in federally designated Opportunity Zones by pairing state tax incentives with the federal program.
Representative Winter, sponsor of the second substitute to House Bill 299, told colleagues the package is 'a 3 pronged approach' that prioritizes existing state air-quality tax credits and state affordable-housing credits for projects in Opportunity Zones, and creates a new, three‑year state tax credit for parking structures within a quarter mile of a…
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