New York Decouples from Federal Opportunity Zone Tax Regime
By EsqSocial Corporation 01/05/21
New York State recently enacted its 2021-2022 Budget (the “Budget Bill”), which contains numerous provisions designed to increase the taxation of high-income individuals and corporations. Among these provisions, the law takes aim to limit the tax benefits available to investors under the federal Qualified Opportunity Zones (“QOZs”) program which was adopted as part of the Tax Cuts and Jobs Act of 2017......
By: Stroock & Stroock & Lavan LLP