The opportunity zone program — the tax break for businesses investing in economically distressed communities — was a key pillar of the Trump administration’s economic policy the first time around.Passed with the Trump tax law in late 2017, the program has fueled tens of billions of dollars of investment. The pace of funding has slowed as the program sunsets at the end of 2026, meaning investors are nearing a deadline to deploy funds into one of the nation`s 8,764 qualified opportunity zones.
But now, following Donald Trump’s election for a second term, the real estate community that has made a business out of taking advantage of the program is ramping up for a likely renewal.
RSK: Hope the new administration outlines a few more or expands the Zones. I know a few people who have to invest or pay their capital gains...including myself.
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- - Volume: 25 - WEEK: 4 Date: 1/21/2025 3:10:20 PM -