NEW YORK — President Donald Trump‘s company owns a golf Club in an Opportunity Zone offering developers massive tax breaks, but experts say it is unlikely it could take advantage of them.
The Trump National Golf Club outside Philadelphia is in one of the nation’s nearly 9,000 high-poverty areas offering the breaks to spur investment, create jobs and lift incomes. But the federal law that set up the program bans “sin businesses” from benefiting, and specifically cites golf courses and country clubs along with massage parlors and racetracks in a list of examples.
Continue reading NEW YORK | Trump club is in tax break zone, but is unlikely to benefit at STL.News.