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Jun
Q&A: Making sense of qualified opportunity zones
Set up to attract investments and stimulate economic growth in low income areas, qualified opportunity zones (QOZs) were established by The Tax Cuts and Jobs Act of 2017. Investments in QOZs provide companies and individuals with an avenue to defer and reduce taxes on current capital gains, as well as the potential to eliminate taxes on future gains on these investments.
Here are answers to the most pressing questions surrounding the QOZ program.
Q: What is a QOZ and who has the authority to designate…
Source: Arizona Business Journal
