Senator Mulls Bill Giving States A Mulligan On Choosing Opportunity Zones Read more at:

One of the opportunity zone bill’s original sponsors is coming around to revising the program.

Sen. Tim Scott (R-SC) said at the United States Conference of Mayors on Wednesday that he is considering a bill that would allow local and state governments to revisit a small percentage of the census tracts that were, or were not, designated opportunity zones in 2018, Bloomberg Tax reports.

Scott said he is in discussions with Sen. Cory Booker (D-NJ), his fellow co-sponsor on the original legislation, and the Senate Finance Committee’s ranking Democrat, Ron Wyden (D-OR), on a new bill.

Though Scott has defended the opportunity zone program to critics, he has also been outspoken about guarding against abuse. Speaking at a Bisnow event last summer, Scott claimed that he would “kill the program” if he decided it wasn’t being used according to its original intent.

Full article here.