Designed to generate economic growth in low-income communities, the newly created opportunity zone program also provides robust tax benefits
Picture yourself holding $100,000 in capital gains from the recent sale of an asset.
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opportunity zones
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A historic cotton mill in Greer could be the first development in South Carolina that benefits from the new Opportunity Zones program
Thanks to the Investing in Opportunity Act, co-sponsored by United States Senator Tim Scott (R-SC), as part of the Tax Cuts and Jobs Act passed in December 2017, the trillions of dollars U.S. investors currently hold in unrealized capital gains in stocks and mutual funds alone could be funneled straight back into the country’s left-behind locales.
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