On August 15, NHC sent a letter to Acting IRS Commissioner Kautter. The Opportunity Zones (OZ) incentive has tremendous potential to attract more investment capital and development talent to revitalize low- and moderate-income census tracts. The OZ incentive allows taxpayers to rollover unrealized capital gains into new equity investments in designated communities. The NHC and its members believe that, with the right guardrails, the Opportunity Zones program can successfully direct capital to low-income communities in need of revitalization.
NHC Coalition Comment Letter to IRS Regarding Opportunity Zones
Issue Date: August 15, 2018
On August 15, NHC sent a letter to Acting IRS Commissioner Kautter. The Opportunity Zones (OZ) incentive has tremendous potential to attract more investment capital and development talent to revitalize low- and moderate-income census tracts. The OZ incentive allows taxpayers to rollover unrealized capital gains into new equity investments in designated communities. The NHC and its members believe that, with the right guardrails, the Opportunity Zones program can successfully direct capital to low-income communities in need of revitalization.
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