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Opportunity Zones
The Opportunity Zones incentive is a new community investment tool established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. Opportunity Zones provide a tax incentive for investors to re-invest their unrealized capital gains into dedicated Opportunity Funds. Read more below about how the Opportunity Zones incentive works, as well as its history and community of supporters.
CDVCA is a current member of the Opportunity Zones Steering Group Coalition.
Further information regarding Opportunity Zones can be found on:
IRS Website
https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions
Economic Innovation Group Website
Opportunity Zones