The Commercial Investment Division of GBRAR welcomes Senator Bill Cassidy and Tom Adamek of Stonehenge Capital to its Quarterly Membership Luncheon.
Opportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017. This new federal capital gains tax incentive program is designed to drive long-term investments to low-income communities. The new law provides a federal tax incentive for investors to re-invest their capital gains into Opportunity Funds, which are specialized vehicles dedicated to investing in designated low-income areas. 150 census tracts in Louisiana were approved for the federal Opportunity Zones Program, including 33 in the Capital Region.
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