Opportunity Zones: Connect Private Capital with Low-Income Communities
NAFOA will host a webinar with Holland & Knight onThursday, February 15, 2018, at 2:00 p.m. EST to inform tribal governments of a new tax incentive program established by Congress in the Tax Cuts and Jobs Act of 2017
Opportunity Zones that if taken advantage of and acted upon quickly could prove beneficial for Indian Country. This new community development program encourages long-term investments in low-income communities by allowing investors to re-invest unrecognized capital gains into an Opportunity Zone Fund itself if held for ten years. Governors of each state are tasked with the nominations of these zones and must make their nominations within 90 days of December 22, 2017, to designate up to 25 percent of the total number of low-income census tracts in a state. Tribes will need to act quickly if they want to realize the benefits of these provisions.
In this webinar, our panelists will discuss:
· How Opportunity Zones will be nominated and designated.
· How Opportunity Zone Funds may be formed to direct capital to Indian Country and other distressed areas.
· How investors will be able to obtain tax benefits for investments in Opportunity Zones.