Trump's Opportunity Zone Rules Deliver on Investors' Wish List
- Treasury regulations will implement tax break from 2017 law
- Skeptics of the provision look for guardrails against abuse
Boarded up residential buildings stand in the Port Morris neighborhood of the Bronx borough of New York.
Photographer: David 'Dee' Delgado/BloombergThis article is for subscribers only.
There’s plenty of enthusiasm for new U.S. tax breaks for investing in low-income communities designated as opportunity zones. But many people have delayed spending because of uncertainty about how the incentives will work.
The Trump administration sought to clear away those hurdles Wednesday with new designed to meet investor wishes, while leaving unresolved some issues flagged by critics.