Primer on Qualified Opportunity Zones

Reprinted with permission from Tax Notes, May 2018

A new community revitalization program added by the Tax Cuts and Jobs Act (P.L. 115-97) has drawn attention from large companies, banks, community development authorities, governors, and mayors across America. The new tax law allows states, the District of Columbia, U.S. possessions, and Puerto Rico (collectively "states") to designate qualified opportunity zones (QOZs) to encourage new capital investment in low-income census tracts by allowing taxpayers to temporarily defer the inclusion of eligible gain in gross income. Read More

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