A new and exciting tax incentive expanding economic opportunities for underserved, left behind communities throughout the country is part of the Federal Tax Cuts and Jobs Act enacted into law December 2017. The goal is to spur private investments (centered around the deferral, reduction and elimination of capital gains taxes) into low-income areas designated as a Qualified Opportunity Zone.
Qualified Opportunity Funds, acting as the investment vehicle for private investing going into these eligible Zones, reflects one of the most creative and significant community and economic development tools in the last 40 years.
An early and patient investor can realize significant growth and appreciation values; especially given the fact that these low-income areas throughout the country contain more than 24 million jobs and 1.6 million places of business.