GAO OZ Report: Improved Oversight Needed to Evaluate Tax Expenditure Performance

The U.S. Government Accountability Office (GAO) recently published a report on Opportunity Zones (OZ’s), which calls on Congress to consider providing Treasury with authority and responsibility to collect data and report on OZ’s performance. Further, as part of that deliberation, Congress should also consider identifying questions about OZ’s effects that it wants Treasury to address in order to help guide data collection and reporting of performance, including outcomes.