Qualified Opportunity Zones 101: What You Need to Know About the Program
Summary: The Tax Cuts and Jobs Acts (TCJA) of 2017 introduced the qualified opportunity zone (QOZ) program under new Internal Revenue Code (IRC) Sections 1400Z-1 and 1400Z-2 to promote economic development in financially distressed areas within the US. A “qualified opportunity zone” (QOZ) is defined as a “population census tract that is a low-income community”…
