NJTV News
Who collects the benefits of newly-created Opportunity Zones
Clip: 1/3/2019 | 4m 25sVideo has Closed Captions
Opportunity zones are designated areas that offer tax breaks to developers.
As part of the 2017 Trump tax reform bill, Opportunity Zones are designated areas that offer tax breaks to developers to spur capital investment in low-income, economically distressed neighborhoods. The program has drawn criticism that it lacks oversight, and in practice it provides a windfall for developers while leaving the intended beneficiaries in a worse position through gentrification.
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NJTV News is a local public television program presented by NJ PBS
NJTV News
Who collects the benefits of newly-created Opportunity Zones
Clip: 1/3/2019 | 4m 25sVideo has Closed Captions
As part of the 2017 Trump tax reform bill, Opportunity Zones are designated areas that offer tax breaks to developers to spur capital investment in low-income, economically distressed neighborhoods. The program has drawn criticism that it lacks oversight, and in practice it provides a windfall for developers while leaving the intended beneficiaries in a worse position through gentrification.
Problems playing video? | Closed Captioning Feedback
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Murphy continues push for towns to share services
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Clip: 1/3/2019 | 3m 18s | While municipalities many benefit by sharing services, it won't lower property taxes. (3m 18s)
New Democratic representatives sworn in to 116th Congress
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Clip: 1/3/2019 | 6m 12s | NJ’s newest House members had a chaotic day of handshaking and vote taking in Washington. (6m 12s)
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NJTV News is a local public television program presented by NJ PBS