Tag: Opportunity Zone

Opportunity Zones: The Benefits in St. Pete

Opportunity Zones, Opportunity Funds, St Pete, FL

Signed into law in late 2017, the Tax Cuts and Jobs Act of 2017 serves to incentivize investment in distressed communities by allowing the re-investment of assets, otherwise subject to a taxable gain, in a Qualified Opportunity Zone. Qualified Opportunity Zones are low income communities nominated by the governor of each U.S. state where reinvigoration… Read more »