Ohio Legislature Passes Alternative Zone Tax Credit score Enlargement

By Alex Ebert and Alex Clearfield

June 2, 2022, 1:25 AM

Investors with no Ohio income tax liability could earn and sell the state’s version of Opportunity Zone tax credits under legislation (S.B. 225) the state House and Senate passed Wednesday.

The 2017 tax law created federal capital gains perks for investment in more than 8,700 designated census tracts. Ohio is among the states that have enacted their own opportunity zone incentives.

The bill, which the House passed 85-5 and the Senate passed unanimously, would also expand funding for state opportunity zone credits to $75 million over fiscal years 2022 and 2023, up from the …

Alex Ebert

Staff Correspondent

Alex Clearfield

Alex Clearfield

Content Editor

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