Opportunity Zones, 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 defer and partially exclude capital gains by re-investing them into an Opportunity Zone Fund. 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 Holland & Knight panelists will discuss:
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