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Information on the Opportunity Zone program and how investors and communities can benefit are available on the California Community & Place-Based Solutions (CPBS) website (economicdevelopment.business.ca.gov).
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- California Community Economic Development
10 wrz 2018 · The Opportunity Zones are meant to spur economic development and job creation in distressed communities by providing tax benefits to investors. Investors receive capital-gains tax deferral, reduction in basis for long-term investments and other tax incentives.
The Community Development Financial Institutios Fund’s Opportunity Zones Resources’ page hosts a spreadsheet link to a list of designated Qualified Opportunity Zones (QOZs). This spreadsheet allows you to filter Opportunity Zones by state, county, census tract number, and census tract type.
Opportunity Zones were established by the ratification of the Tax Cuts and Jobs Act of 2017, in conjunction with the U.S. Investing in Opportunities Act which created tax incentives for investment in designated census tracts called Opportunity Zones.
The City of Lancaster has six qualifying locations with nearly 4,000 acres within Opportunity Zones, ranging from redevelopment opportunities to vacant land ripe for development and encompassing all zoning types.
Opportunity Zones provide a tax incentive for investors to re-invest their unrealized capital gains into dedicated Opportunity Funds. The Tax Cuts and Jobs Act of 2017 was signed into law on December 22, 2017.
Opportunity Zone • Expanding an existing business in an Opportunity Zone • Affordable housing, renewable energy, waste management, small businesses, farming operations, retail stores To qualify as a Qualified Opportunity Zone Business (QOZB) the business must: • Have at least 50 percent of gross income of OZ business be derived