Tag Archives: Opportunity Zone

Opportunity Zones, those tax-advantaged areas created as part of President Donald Trump’s 2017 tax package, aren’t living up to expectations. The U.S. Treasury Department expected the program to spur investment in blighted neighborhoods and transitioning urban areas totaling $100 billion. The actual amount is likely to be just a fraction of that, perhaps $10 billion…To read more — login/subscribe

 

Billions of dollars have flowed into funds focusing on opportunity zones, a new type of tax designation that waives capital gains taxes on investments in blighted areas nationwide. In April, the U.S. Treasury Department clarified some of the guidelines around opportunity zone investments, and the new regulations sparked optimism from tax experts. “These rules could…To read more — login/subscribe