Comments to the Treasury on Data Collection and Tracking for Qualified Opportunity Zones
Nonprofit affordable housing advocate Enterprise Community has published its comments on the latest round of OZ guidance.
“Enterprise believes the collection and public reporting of meaningful data on qualified opportunity funds (QOFs) and their investments into designated Opportunity Zones (OZs) are critical first steps towards ensuring the OpportunityZones tax incentive is fulfilling its intended purpose.”
Opportunity Zones‘ Biggest Myths
Kathryn Tokle, a senior fellow at the Sorenson Impact Center, dispels three common OZ misconceptions.
“America’s corporate tax rate is no longer the most controversial part of the Tax Cuts and Jobs Act of 2017,” Tokle writes. “To resolve some of this discrepancy between local excitement and national concern, let’s address some of the most common misconceptions about Opportunity Zones.”
Measuring Opportunity Zone Success
The Tax Foundation’s recommendations for evaluating OZ effectiveness.
“Those responsible for collecting data on Opportunity Zones should make sure data on the number of QOFs, as well as the amount of investments supported by QOFs and qualifying Opportunity Zone businesses, can be broken down by census tract,” the author argues.
Opportunity Zones: Can Philanthropy Provide Accountability When the Law Does Not?
The Rockefeller Foundation has announced it will provide $5.5 million to help six U.S. cities shape responsible OZ strategy.
A central goal of Rockefeller’s initiative is to provide “philanthropic guardrails,” according to f