The Joint Committee on Taxation (JCT) has published a document on Tax Incentives for Economic Development and Financing, which describes present-law tax incentives for qualified opportunity zones, the new markets tax credit, the rehabilitation credit for certified historic structures, and present and prior law relating to tax-exempt financing. The document was prepared for a recent public hearing held by the Senate Committee on Finance on Tax Tools for Local Economic Development. --- A. Qualified Opportunity Zones The qualified opportunity zone rules provide the tax benefits of deferral and exclusion to taxpayers who reinvest gain as equity in qualified opportunity funds,...