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Opportunity Zones — a new investment source for revitalization?


The IRS has just announced its proposed Opportunity Zone regulations. Introduced with the 2017 Tax Cuts and Jobs Act, there are 8,761 zones in the U.S. and its territories that have been certified by the U.S. Treasury Dept.


To promote investment in low income areas, the IRS will defer and reduce capital gains taxes for those who reinvest their gains in the zones for a designated period of time.


This tax incentive gives investors a new reason to consider areas that are suffering from blight or neglect. New investments in businesses and residential developments within the zone can qualify if they follow the IRS requirements for certification. The investors are not required to live in the zone.



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