Matthew Iak / U.S. Energy Development Corporation
Back in 2021, we had the pleasure of authoring a contributed article for OILMAN Magazine about the value of investing in qualified opportunity zones, (Missed) Opportunity Zones – Why Investors Should Take Note. The submission provided readers with a comprehensive explanation of qualified opportunity zone investing, including both the advantages they bring to underdeveloped and impoverished census tracts, and how investors benefit from the generous tax breaks included, provided they meet the program’s requirements.
To recap, qualified opportunity zones are a new investment vehicle created by the Tax Cuts and Jobs Act of 2017, whose funds are designed to improve federally designated opportunity zone tracts. Provided investors maintain their investment stake for a 10-year period, they owe nothing in capital gains tax until the end of the 2026 calendar year.
To read the full article, click here.
