Qualified Opportunity Zone

URI: https://gptkb.org/entity/Qualified_Opportunity_Zone
GPTKB entity
Statements (25)
Predicate Object
gptkbp:instanceOf gptkb:economic_development_program
gptkbp:administeredBy gptkb:U.S._Department_of_the_Treasury
gptkbp:appliesTo gptkb:United_States
gptkbp:benefitsCommunities economic growth
gptkbp:benefitsInvestors tax deferral
gptkbp:createdBy gptkb:Tax_Cuts_and_Jobs_Act_of_2017
gptkbp:designation nominated by state governors and certified by the U.S. Treasury
gptkbp:designationPeriod 2018-2028
gptkbp:eligibility low-income census tracts
gptkbp:firstDesignated 2018
gptkbp:investmentVehicle gptkb:Qualified_Opportunity_Fund
gptkbp:offers tax incentives
gptkbp:purpose encourage investment in economically distressed communities
gptkbp:region over 8,700
gptkbp:relatedTo gptkb:real_estate_investment_trust
community development
business investment
gptkbp:statutoryReference Internal Revenue Code Section 1400Z-1
Internal Revenue Code Section 1400Z-2
gptkbp:taxIncentiveType deferral of capital gains
partial exclusion of capital gains
potential exclusion of gains from Opportunity Fund investments
gptkbp:bfsParent gptkb:Qualified_Opportunity_Fund
gptkbp:bfsLayer 7
https://www.w3.org/2000/01/rdf-schema#label Qualified Opportunity Zone