Scott PowersNovember 19, 2019
4min815
Seeking reform after reports that the program has offered tax breaks to rich tracts
Tag: capital gains taxThe Sam M. Gibbons United States Courthouse is located at 801 North Florida Ave., in Tampa, Fla. (Brooke Johnson/Fresh Take Florida)
Scott PowersNovember 19, 2019Scott PowersApril 19, 2018
4min697
Gov. Rick Scott unveiled his administration’s recommendations of 427 communities across Florida designated as “Low Tax Opportunity Zones,” aiming to use federal tax advantages to encourage business development. The zones target low-income census tracts in all 67 counties, making businesses and developers working there eligible for deferred capital gains taxes under the newly-approved federal Tax Cut […]