Gov. Murphy announced that the US Department of Treasury approved his 169 recommended Opportunity Zone designations. The recent bi-partisan federal legislation was sponsored by Senators Booker and Scott and Congressmen Tiberi and Kind.
Earlier this week, Governor Murphy announced that the United States Department of Treasury approved his 169 recommended Opportunity Zone designations. The recent bi-partisan federal legislation, which was sponsored by Senators Booker and Scott and Congressmen Tiberi and Kind, provides tax advantages to investors who reinvest capital gains into recognized “Opportunity Zones.” We thank Senator Booker for his astute navigation in delivering this much welcomed economic incentive.
Contact: Lori Buckelew, Senior Legislative Analyst, lbuckelew@njslom.org, 609-695-3481, x112.