Opportunity Zones Resources
The Opportunity Zone incentive offers capital gains tax relief to investors for new investment in designated areas. Investment benefits include deferral of tax on prior gains as late as 2026, if the amount of the gain is invested in a Qualified Opportunity Fund. A Qualified Opportunity Fund is an investment vehicle that is set up as either a partnership or corporation for investing in eligible property that is in a Qualified Opportunity Zone. The benefits also include tax forgiveness on gains on that investment, if the investor holds the investment for at least 10 years.
For more information, navigate to the official Opportunity Zones website by clicking here.
Designated Opportunity Zones in PA-09 Counties (PA-09 municipalities in bold)