By Andy Medici | The Playbook
Investors have poured more than $29 billion into dozens of Opportunity Zones in recent years, but there are mixed feelings about the initiative’s effectiveness among state officials from around the nation, and some challenges are looming that could limit the IRS’ ability to ensure taxpayer compliance with the program.
The findings, from a Government Accountability Office report published in October, showed a survey of state officials from all 50 states, five territories and D.C., found only 20 who considered the program a net positive. Another 20 said they were not sure, 10 said it was net neutral, with five who said it had no impact and 1 who said the program was a net negative.
