The Tax Cuts and Jobs Act created the Opportunity Zones program to spur investment in economically distressed census tracts.

Opportunity zones reduce capital gains taxes for individuals and businesses who invest in qualified opportunity zones. Policymakers hope opportunity zones will unleash investment in low income communities throughout the country.

Resources

• NC Opportunity Zones
• NAR Resource Page: “Qualified Opportunity Zones”
• Tax Foundation: “Opportunity Zones: What We Know and What We Don’t”
• Federal Reserve Bank of Richmond: “Opportunity Zone Resources”