New & Improved Opportunity Zone Law Effective Soon
2022-08-29
Sikora Law
Current News
On September 13, 2022, Senate Bill 225 will officially become the law of Ohio. This new law will temporarily double the funding for Ohio’s Historic Tax Credit Program and Ohio’s Opportunity Zone Program, and it will bring valuable enhancements to both of those prized economic development Programs. Our firm drafted the Opportunity Zone language in that Bill, and we are using it to help many of our Developer Clients.
Crain’s Cleveland Business published a well-written and insightful article on the Opportunity Zone Program, including multiple quotes from Mike Sikora about the Program and how we’re helping our Clients utilize it to get their deals done. Ohio’s Opportunity Zone Program is now more valuable than ever, in light of rising interest rates and construction costs.
Check out that Crain’s Cleveland Business article by clicking here.
Ohio’s Opportunity Zone Program Gets Even Better July 25, 2022 Senate Bill 225 passed the Ohio House with the Ohio Senate unanimously concurring on the House amendments. That Bill was signed by Governor DeWine and will become law on September…
Ohio Opportunity Zone Enhancement Bill Making Progress April 28, 2022 Sikora Law has been advocating for the passage of Senate Bill 225 for many months now. That Bill would temporarily double the funds available in Ohio's Opportunity Zone Program and Ohio's…
Transformational Mixed-use Development Bill Nears Passage December 11, 2020 Last week, Senate Bill 39 – the Transformational Mixed-use Development Tax Credit Bill – was favorably voted out of the Ohio House Economic and Workforce Development Committee by a vote…
