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12.30.2020 Jenny Connors Writes on The Future of Opportunity Zone Tax Benefits for Real Estate By: Jenny H. Connors

The opportunity zone (“OZ”) tax incentive, which was enacted as part of the Tax Cuts and Jobs Act, has been a major catalyst for real estate investment over the past three years. Initiated as a bipartisan effort for economic growth and job creation, the incentive was intended to promote long-term, private investment in America’s low-income communities. The incentive, however, has long come under criticism for failing to meet its objectives. This article includes a brief summary of the incentive’s tax benefits and its requirements for qualification, as well as a discussion of the future of OZs and foreseeable changes under the Biden administration.  

Read full article here: REI INK (A Business Publication For Real Estate Investors): The Future of Opportunity Zone Tax Benefits for Real Estate