Treasury Dept. Releases Proposed Opportunity Zone Rule

The Department of the Treasury this week released its proposed regulation clarifying aspects of the Opportunity Zones created under President Trump. The Opportunity Zones were created by the Tax Cuts and Jobs Act back in December 2017, ostensibly to encourage investment in 8000+ specific areas across the country by allowing investors to defer, reduce and…

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Push for Millionaire’s Tax Spreads

The class envy is getting deeper and against the backdrop of Senator Elizabeth Warren’s push for a federal wealth tax on assets, state efforts to adopt excise taxes and surcharges on income levels are becoming more pronounced. For 2019 legislative sessions, no fewer than a half dozen states are now seriously entertaining millionaire taxes. New…

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Is Tax Cutting Getting Popular?

As state legislatures around the country begin their 2015 sessions in earnest, we couldn‘t help note that several are now looking at reducing tax burdens and making more of an effort to “live within their means”.  In his State of the State address, New York Governor Andrew Cuomo highlighted his “2015 Opportunity Agenda”, which calls…

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