October 19, 2021

Volume XI, Number 292

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October 19, 2021

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October 18, 2021

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Governor Malloy Announces Municipalities Can Begin Applying for Consideration as Opportunity Zones

Governor Dannel Malloy recently announced the State of Connecticut will begin accepting applications from municipalities to participate in the federal Qualified Opportunity Zone program. As detailed in the February 21, 2018 Murtha Cullina Government Affairs news alert, each state’s governor may designate up to 25% of its low-income census tracts as eligible opportunity zones. Investment in such zones will support rejuvenation of communities with pockets of poverty while at the same time providing investors the opportunity to minimize certain federal tax liabilities through preferential treatment of capital gains.

© Copyright 2021 Murtha CullinaNational Law Review, Volume VIII, Number 58
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About this Author

David McQuade, legislative procedure, Murtha Cullina Law Firm

David J. McQuade's extensive expertise in state and federal legislative procedure has served private and public interests for more than 35 years. He is expert in local, state and federal government administrative functions and has extensive experience in advocacy before public interest and community groups.

Throughout his entire career, David has established a reputation for working effectively with public officials from both major political parties, as well as the career civil servants who really make government work. His extensive contacts throughout state and local government (...

860-240-6141
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