Qualified Opportunity Zones
www.nar.realtor/qualified-opportunity-zones/background-qualified-opportunity-zones
About
Congress created the federal Qualified Opportunity Zone (“QOZ”) program in the 2017 “Tax Cuts and Jobs Act” to encourage economic growth in underserved communities through tax benefits to investors. U.S. states and territories, including Washington, DC, nominated areas (by census tract) to be designated as QOZs in 2018, and the IRS and Treasury finalized the designations that year. This program presents opportunities for real estate investment and development in distressed communities.
Member Benefits
The link above will take you to a wonderfully detailed page with more information on Qualified Opportunity Zones.
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