"Opportunity Zones: A New Tax Incentive for Investment in LICs" article by Walter Calvert and Tammara Langlieb published on April 16, 2018, in Tax Notes. Here is an excerpt:
Since 2001, the new markets tax credit has served as an important tax inventive to promote investment by financial institutions in low-income communities (LICs). The Tax Cuts and Jobs Act adds a new tax benefit intended to encourage investment in LICs: the opportunity zone program.
Since 2001, the new markets tax credit has served as an important tax inventive to promote investment by financial institutions in low-income communities (LICs). The Tax Cuts and Jobs Act adds a new tax benefit intended to encourage investment in LICs: the opportunity zone program.