Rep. Davidson Cheers Treasury's Move on Opportunity Zones

Statement

Today, Congressman Warren Davidson, member of the Financial Services Committee, cheered the Treasury Department's proposed regulations on Opportunity Zones, a provision of the Tax Cuts and Jobs Act. The goal of Opportunity Zones is to attract investment for new businesses and jobs in underserved areas.

"This is another tax reform win that benefits Ohio families and American businesses. Incentivizing investments made in economically struggling areas is a smart way to stimulate growth in communities often overlooked. I applaud Secretary Munchin for issuing the proposed regulations and hope the feedback from stakeholders is beneficial to Treasury's plans to move forward."

Source