Potential Tax Benefits for Investors in Low-Income Communities
This is known as the Opportunity Zone.
DULUTH, Minn.-A new federally created tool is aiming to boost investments in communities. It’s being called Opportunity Zone, the first tax benefit in nearly 20 years which private investors will be eligible for certain tax benefits in return for investing in these low–income communities, such as businesses and affordable housing. “The legislation was written to look at where are some…
