Wisconsin Bill to Double Capital Gains Exclusion for OZs Goes to Governor.

A bill to conform Wisconsin’s tax code to the federal Internal Revenue Code concerning opportunity zones (OZs) and to double the exclusion for capital gains invested in Wisconsin-based OZs passed the state Senate and is on the desk of Gov. Tony Evers. A.B. 532 would allow an additional 10 percent capital gains tax reduction for investors who hold investments in a Wisconsin-centered qualified opportunity fund (QOF)–defined as a QOF that holds at least 90 percent of its assets in Wisconsin OZ projects–for five years and an additional 15 percent reduction for investors who hold their investment for seven years.

Novogradac

Thursday, February 20, 2020



Copyright © 2024 Bond Case Briefs | bondcasebriefs.com