Opportunity Zones are a new community development program established by Congress as a part of the Tax Cuts and Jobs Act of 2017, and are designed to encourage long-term private investments in low-income communities. This program provides a federal tax incentive for taxpayers who reinvest unrealized capital gains into “Opportunity Funds,” which are specialized vehicles dedicated to investing in low-income areas called “Opportunity Zones.”
NAI Lachicotte are your local exports on Opportunity Zones and are here to discuss all of your commercial real estate needs.
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