News and Events Tag: opportunity zones

Unanimous Bipartisan Support For Legislation that would address concerns from the 2017 federal tax overhaul and build on Governor Newsom’s call for California to direct investments in low income census tracts (From Press Release) – Yesterday, the Assembly Revenue and Taxation Committee voted unanimously to advance legislation by Assemblymember Jesse Gabriel (D – San Fernando Valley) that would provide a major new incentive for the production and preservation of affordable housing in low income census tracts known as “Opportunity Zones.”  The legislation—Assembly Bill (AB) 791—would provide $200 million in new tax... View article