The Government Accountability Office (GAO) recently released a report on “Opportunity Zones.” The 2017 Tax Cuts and Jobs Act created a tax incentive that gave governors discretion to nominate generally up to 25% of their states’ low-income census tracts as special investment areas called Opportunity Zones. Taxpayers who invest in Qualified Opportunity Funds (that then invest in qualified property or businesses) can receive significant tax-related benefits. The GAO surveyed officials from all 50 states, D.C., and the U.S. territories to gain their views and make recommendations on Opportunity Zones. To read the report: 


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