[20181212]IN11007_亚马逊HQ2和联邦机遇区税收优惠.pdf

CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Amazon HQ2 and Federal Opportunity Zone Tax Incentives name redacted Analyst in Public Finance December 12, 2018 On November 13, 2018, Amazon announced that it would be splitting its second headquarters (HQ2) between Northern Virginia and Long Island City, NY. According to the company, each HQ2 site is expected to add 25,000 jobs over 12 years. Additionally, Amazon announced that it would build an “Operations Center of Excellence” that is expected to add more than 5,000 jobs in Nashville, TN. State and local governments offered Amazon a range of tax incentives, grants, and other benefits (e.g., a nearby state university “innovation campus”). Some of these incentives are performance-based and would depend on Amazons actual decisions to hire and invest its own money into the locations. Federal tax incentives might indirectly benefit investments near the new Amazon sites. In particular, a new set of Opportunity Zones (OZ) tax incentives could boost returns on investments made by Amazon or private investors in residential or commercial developments to support Amazons workforce and their families. OZs have gen