Opportunity Zones is a tax incentive available in 2019 as part of the Tax Cuts and Jobs Act. Investors who roll-over capital gains for a period of time, can earn a tax cut that equates to 1%-3% of the return on theirinitial investment.
The goal of the program is twofold: to increase equity investment in small cities across the U.S., and to help decrease wealth inequality within those reasons.
The tax incentive is the brainchild of early Facebook investor Sean Parker. Its very “Silicon Valley” in its approach. There are . . .
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