Ohio Opportunity Zone Law Amendments Being Considered
2021-01-18
Sikora Law
Current News
NAIOP Ohio’s Board hosted the Ohio Development Services Agency Director, Lydia Mihalik, for a Zoom session. The Ohio Development Services Agency administers several programs that are of critical importance to the commercial real estate industry in Ohio, including Ohio’s Opportunity Zone Program and Ohio’s Historic Tax Credit Program. Mike Sikora led a discussion with Director Mihalik on several proposed enhancements to Ohio’s Opportunity Zone Program that are being considered.
Our firm obtained for our Clients approximately 20% of all Ohio Opportunity Zone tax credits awarded during Ohio’s inaugural round of OZ awards. We are now working on many Opportunity Zone Applications for Round 2 for our Clients, based upon their 2020 Opportunity Zone development activity.
Click here to learn how Sikora Law helps Developers & Owners of Commercial Real Estate streamline their legal needs.
Ohio’s Opportunity Zone Program Gets Even Better July 25, 2022 Senate Bill 225 passed the Ohio House with the Ohio Senate unanimously concurring on the House amendments. That Bill was signed by Governor DeWine and will become law on September…
Successful First Ever Interim Opportunity Zone Round April 25, 2024 The first-ever interim mid-year Round of Ohio Opportunity Zone application submissions was a success, by all accounts. Our firm drafted the language that was amended into Ohio's Opportunity Zone Statute to provide for…
