WHAT IS AN OPPORTUNITY ZONE INVESTMENT?
The Tax Cut and Jobs Act of 2017 altered U.S. federal tax law in an effort to spur private investment and development in distressed communities across the nation. Investors funneling capital into these areas, or designated census tracts, will have the potential for significant tax-advantages. At its core, the program is designed as a community investment program to promote development over the longer term while incentivizing capital flows into low-income communities nationwide.