Created to act as a new community development program, Opportunity Zones encourage long-term investment into low-income areas.
Snapshot
Designed to encourage long-term private investments in low-income communities, Opportunity Zones were established by Congress as a part of the Tax Cuts and Jobs Act of 2017.
This program provides a federal tax incentive for taxpayers who reinvest unrealized capital gains into “Opportunity Funds,” which are specialized vehicles dedicated to investing in low-income areas called “Opportunity Zones.”