When the new Tax Cuts and Jobs Act (TCJA) was enacted into law in December of 2017, it contained many new provisions and incentives that are still evolving.
One tax incentive that is included in TCJA was designed to encourage long-term growth and economic development in economically distressed neighborhoods called Qualified Opportunity Zones, or QOZ. Because this is such a hot topic, we are providing an overview of some of the key elements. However, this is not a complete and detailed assessment. To understand this aspect of TCJA as it relates to your unique situation, we will be happy to schedule a confidential consultation at your convenience.