Capital Beat: Sununu ‘opportunity zone’ picks cause stir
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Early in May 2018, Gov. Chris Sununu unfurled a little-noticed list. On it was 27 communities and clusters, all in low-income areas of the state, each newly eligible for tax incentives for economic development.
This month, the governor’s picks have attracted mountains of attention.
The 27 communities were Sununu’s designated “Opportunity Zones” – a list of low-income Census tracts chosen by the governor to benefit from a Republican-passed federal tax program included with a 2017 tax-cut law. Those selected would be part of a program allowing developers to defer capital gains taxes by investing in towns and cities in need.