Southwest Montana Real Estate Blog - Opportunity Zone

WHAT IS THE OPPORTUNITY ZONE AND HOW CAN IT BENEFIT YOU?

Posted by Courtney King on November 19th, 2018

The Tax Cuts and Jobs Act of 2017 established a new economic development program called Opportunity Zones designed to encourage long-term private investments in low-income communities. The 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” that will allow investors to defer and eliminate capital gains taxes on gains from investments in economically-distressed localities.

The zones themselves are to be comprised of Low-Income Community Census tracts and designated by governors in every state and territory. The program has the potential to direct private capital toward distressed communities…

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Bozeman Selected for Opportunity Zone

Posted by PollyAnna Snyder on August 18th, 2018

The U.S. Treasury Department has approved Montana's 25 Opportunity Zones as nominated by Governor Steve Bullock. 

In April 2018, Bullock nominated 25 areas of Montana for designation as an Opportunity Zone, after communities submitted proposals for consideration.

With the help of Prospera, the City of Bozeman was selected for an Opportunity Zone in May 2018. The Zone is a designated census tract south of Bozeman (along 19th/MSU) that is designed to provide tax benefits to investors. These Zones are new creations in the Tax Cuts and Jobs Act of 2017, and will act as an incentive for infill development. 

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