What are Opportunity Zones
A program created by the Tax Cuts and Jobs Act of 2017 to incentivize investment in underserved communities. The program provides material tax benefits to investors/investments in Qualified Opportunity Zones.
Opportunity Zones Legistlation was introduced to the tax code by the Tax Cuts and Jobs Act on December 22, 2017. Since then the US Treasury and the IRS have been releasing guidance on the regulation on how they can be used. There are more than 8700 Qualified Opportunity Zones (QOZs), throughout the U.S., from our biggest cities to rural areas. QOZs are designed to spur economic development by providing tax benefits to investors. To learn more talk to your tax professional or visit
www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions
Why its Important
- A federal program created to incentivize investment in underserved communities
- Provides tax benefits to investors/investments in QOZs.
- Potential win/win, of social investment and outsized returns
Benefits to Investors
- Defer - taxes on the original capital gain until the 12/2026
- Reduce - the amount of deferred taxes owed by up to 15%
- Eliminate - tax on capital gains from NEW investment if held for 10 years
How Do I Participate
- Invest using any long or short term capital gains
- Gains can come from any source; including sale of stocks, bonds, property, collectables
- Gains must be re-invested within 180 days of your sale
Our partners have had a front row seat at how technology is re-shaping our communities, our workforce and generating wealth. We are investing and working in key QOZ markets to help innovation becomes a culture, super-charge the local economy and re-balance America.
If these types of investment stir your passion, contact us to learn more.