Now is the time for leadership to find ways to direct a significant portion of federal infrastructure investments toward areas that have fallen into disinvestment and areas with lower income indicators such as those designated as opportunity zones.
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On April 7, 2021, the Legislature passed and sent to the Governor the bills constituting the 2021-22 budget legislation (the Budget ). New York’s lawmakers had exhibited considerable restraint in the recent past, generally keeping spending increases and thus revenue increases at about the level of inflation. But pent-up spending demand, the COVID pandemic, one-party control of the Senate and Assembly, and a fiscally-conservative Executive perceived as politically weakened, resulted in lawmakers muzzling spending restraint, at least for the next few years. And with the spending increases comes a panoply of revenue-raisers which, given the already unprecedented exodus of wealthy taxpayers from New York over the past year, makes one wonder who will be left to pay such taxes!
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Tax Facts is the newest podcast from Buchanan Ingersoll &
Rooney all about the world of tax law and new changes that affect
businesses and investors alike.
On our first episode, Lisa Starczewski and Lafe Metz of Buchanan
Ingersoll & Rooney discuss the world of Opportunity Zones,
important deadlines for the program, and what the future holds for
this valuable tax-incentive-laden investment tool.
Lisa Starczewski is a shareholder at Buchanan and chair of the
firm s Tax section as well as its Opportunity Zones Team. Lafe
Metz is also a shareholder at Buchanan and chair of the firm s
To print this article, all you need is to be registered or login on Mondaq.com.
Tax Facts is the newest podcast from Buchanan Ingersoll &
Rooney all about the world of tax law and new changes that affect
businesses and investors alike.
On our first episode, Lisa Starczewski and Lafe Metz of Buchanan
Ingersoll & Rooney discuss the world of Opportunity Zones,
important deadlines for the program, and what the future holds for
this valuable tax-incentive-laden investment tool.
Lisa Starczewski is a shareholder at Buchanan and chair of the
firm s Tax section as well as its Opportunity Zones Team. Lafe
Metz is also a shareholder at Buchanan and chair of the firm s
As the 46th president of the United States, Joe Biden has set some ambitious policy goals that will have far-reaching effects on the commercial real estate market. However, until.