In response to the Tax Cuts and Jobs Act of 2017, Opportunity Zones were created with the idea of providing incentives for private investors to revitalize economically distressed communities, rather than using taxpayer money to do so. This offers investors a way to shield their proceeds from capital gains taxes by investing those proceeds in these zones and hitting specific benchmarks.
Click here for an article that helps explain this concept using real world applications.
And here is another video, this time a prerecorded webinar, about Opportunity Zones:
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