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Author Archives: Daniel J. Munoz

Federal lawmakers push for greater scrutiny of opportunity zone tax breaks

Sen. Booker at Forbes Opportunity Zone Summit in Newark on Tuesday, May 21, 2019

“The underlying legislation, the Investing in Opportunity Act, was intended to support the growth and revitalization of our nation’s most economically underserved communities,” reads a joint letter dated Oct. 31 to the U.S. Treasury Acting Inspector General Richard Delmar. “It was not the intent of Congress for this tax incentive to be used to enrich political supporters or personal friends of senior administration officials."

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