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What are the top five states to invest in an OZ project to get additional tax benefits as well?

Where would it be most beneficial for me to invest considering that some areas offer additional incentives?


Answers
  • Matthew Rappaport
    March 12, 2020

    While I am not here to make specific recommendations, Ohio and Wisconsin come to mind as being really, really aggressive on state-level OZ benefits.

  • Matt Campbell
    March 12, 2020

    I believe many are targeting areas where significant gains in real estate appreciation may occur, including California (despite no state conformity to the benefits), New York, Florida (despite lengthy periods for permitting), Arizona and Texas. Any project where there are additional state and local incentives layered in or added incentives like historic tax credits or low-income tax credits is worth a look.

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