City of Merced
Opportunity Zone regs announced
Investors hoping to take advantage of Merced's seven new Opportunity Zones now have guidance from the IRS. The U.S. Treasury department has published the proposed regulations for the new tax incentive.
Introduced with the 2017 Tax Cuts and Jobs Act, to promote investment in low income areas, the zones have already been designated. Capital gains taxes are deferred and reduced for those who reinvest their gains in the zones for a designated period.
Most businesses and residential developments operating within the zone are eligible for new investment. The investor can be located outside the zone.
Read about proposed IRS regulations...
Read more about Merced's Opportunity Zones...