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Bill Summary Details

Opportunity Zoning (Watch)

HB 1429 (Omphroy) and SB 1612 (Powell) deal with Opportunity Zones. The bills create a process whereby cities could apply to the Department of Economic Opportunity for approval for the designated Opportunity Zones to receive state incentives. The bills require local governments to provide specific information relating to the designated Opportunity Zones to be eligible for state incentives. (Cook)