QOZ = Qualified Opportunity Zones
I have not seen any articles about these entities. But the 2017 Tax Act created them. Individuals with capital gains can/could reinvest money in QOZ property and eventually get capital gains taxes deferred and/or reduced and/or forgiven.
I am not an expert on these techniques, but understand enough to realize the benefits/risks. Sort of like a 1031 exchange.
There is at least one QOZ in each of the 50 states. And they are typically in “economically” underdeveloped/disadvantaged areas. So Oakland/San Jose is an example. San Francisco not on original list, but LOL - maybe they can get on there for the next round.
Anyone seen articles on QOZs in last few months? Maybe some here have invested in them?
Here is an article on CT QOZs:
https://www.ctinsider.com/hartford/article/Why-are-investors-not-using-Hartford-s-17350647.php
I always joke that Hartford CT is where developers go to die.
;-)