The state Department of Commerce continues to seek your input as it moves on a component of the recent federal tax legislation that could aid distressed parts of the state. The tax law authorizes each state to designate up to 25 percent of its total low-income census tracts as qualified "Opportunity Zones," according to a detailed news release. The program is meant to give tax incentives to qualified investors to reinvest unrealized capital gains into low-income areas. North Carolina has a little more than 1,000 qualifying low-income census tracts, and the commerce department is currently reviewing data to make a list of recommended tracts to the U.S. Department of the Treasury by the March 20 due date. A new state website provides more information on the program and invites recommendations for both its development in North Carolina and the designation of specific census tracts. Interested parties can also contact Business Link North Carolina at (800) 228-8443.
The National League of Cities' (NLC) Congressional City Conference is ahead March 11-14 in Washington, D.C. Interested parties can register online. "The National League of Cities strategically and effectively positions local government priorities to key representatives in Congress," says the organization, which also at the conference provides public service tips, collaboration opportunities and training for productive meetings with federal officials. Focuses this year will include NLC's Rebuild With Us campaign calling on Congress to "invest in our vision to rebuild and reimagine America's infrastructure." Other topics at the center of it are safety and resilience, regulations and licensing, community and housing, data and technology, advocacy and communication, and opioid abuse. Learn more about the conference at https://ccc.nlc.org.