The “Tax Cuts and Jobs Act” Congress enacted in 2017 included a provision creating Opportunity Zones. The Opportunity Zone program is an economic development tool designed to drive long-term private investment in low-income urban and rural communities. The investment can be through newly issued stock, partnership interest, or investment in business property in an Opportunity Zone. The Opportunity Zone program offers qualified partnerships and corporations with Federal capital gains tax liabilities the deferment, reduction, elimination of capital gains taxes, or step-up in basis, all depending on how long the investment in the Opportunity Zone is held.
Join us as Todd Clarke, CCIM takes you through the ins and outs of opportunity zones.
There is no cost to attend, but RSVP is required so that we can make proper preparations for the morning.