8901 E Raintree Drive, Suite 140, Scottsdale, AZ 85260 (480) 860-2000
The 2017 Tax Cuts and Jobs Act created a new tool for economic development that provides tax incentives to stimulate capital investment in areas designated by each state. These targeted areas are called Opportunity Zones (“OZ’s”).
Investment in OZ’s are made through Qualified Opportunity Funds (“OF’s”). OF’s can invest in multiple projects, but are required to have 90% of their assets invested in OZ’s. Investment in OF’s offer the following benefits: