Senator Daines To Governor Bullock: Help Low-Income Communities
Under the Tax Cuts and Jobs Act, investments in “opportunity zones” receive tax cuts to attract capital and create jobs. But that will require Governor Bullock to nominate low-income communities for job-creating tax cuts benefits.
Senator Steve Daines today sent a letter to the governor urging him to nominate 25 low-income Montana communities to the Department of the Treasury to be considered for the opportunity zone program established under the Republican Tax Cuts and Jobs Act.
“The ink is barely dry, but the Tax Cuts and Jobs Act is already creating jobs and raising wages across Montana,” said Daines. “Through the opportunity zone program, this historic tax cuts bill will also help bring hope and good-paying jobs to Montana’s lowest-income communities. I urge Governor Bullock to take advantage of this program, which will help create a brighter future for numerous Montanans and benefit communities across our state.”
The deadline to send nominations to the Department of the Treasury is March 21, 2018. Under the Tax Cuts and Jobs Act opportunity zone program, low-income communities receive certain tax benefits that encourage job-creating investments in designated areas.