The new tax bill contains an opportunity zones provision which allows companies and corporations to defer capital gains to an opportunity fund. These funds will be allocated to low-income tracks. Special guest MPP Lorena Roque who concentrates on economic and energy policy joins to unpack the provision. co-Host Erik LaDue moderates joined by co-Hosts Katherine Lundie and Gabe Moss. Together, the team speculates what implications the policy could have for economic and regional inequality based on how it is implemented.
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U.S. Congress, The Tax Bill. Please see the Opportunity Zone Provision Page 130.
Geographic Inequality Is Swallowing the Recovery, City Lab
Tucked into the Tax Bill, a Plan to Help Distressed America, The New York Times
The Voice of Entrepreneurs is Needed Now, The Kauffman Foundation
Opportunity Zones: A New Incentive for Investing in Low-Income Communities, Economic Innovation Group