What Are Qualified Opportunity Zones?
After a 10-year U.S. economic expansion, taxpayers hold trillions of dollars in unrealized capital gains.
To encourage investment in economically depressed areas, the U.S. Tax Cut and Jobs Act of 2017 created a program that allows investors to essentially “roll” what would otherwise be taxable capital gains into investments into Opportunity Zones (OZ).
These zones were nominated by state governors in low-income areas determined from community census tracts and there are now about 8,700 around the country.
Sponsored Content: The information and views expressed in all Business Strategies Video Network series are of the content contributor, and do not necessarily reflect the opinions of The Business Journal.