An Update on Opportunity Zones - U.S. Treasury Releases Guidance on Opportunity Funds

An Update on Opportunity Zones - U.S. Treasury Releases Guidance on Opportunity Funds

Treasury has released its first publication for guidance regarding Opportunity Zones, which includes proposed regulations, revenue rulings, and a draft tax form specific to the certification of Opportunity Funds. These proposed regulations are the first set of guidelines since the introduction of the tax bill late last year.

Ohio House Introduces Brownfield Regulatory Reform Legislation (HB 737)

Ohio House Introduces Brownfield Regulatory Reform Legislation (HB 737)

HB 737 would provide an alternative to the Voluntary Action Program (VAP) liability protection in Ohio’s law as a means to encourage brownfield redevelopment in the state. Since the sunset of the CORF program, brownfields redevelopment is down in Ohio.