Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate panel adopts amendment and passes bill mirroring federal Opportunity Zone tax breaks
Summary
The Senate Revenue & Tax committee adopted an amendment and passed SB196, which mirrors federal Opportunity Zone capital-gains incentives for designated tracts; the presenter said the state break would follow federal timing (50% step-down after five years, elimination after 10).
Senate Bill 196, which would mirror federal Opportunity Zone tax treatment for designated census tracts, was amended and approved by the Senate Revenue & Tax committee.
The committee adopted an amendment to add sponsors and correct a date in the bill, then heard the bill’s presentation. The presenter said the measure tracks last year’s federal tax act…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
