Republican Representatives Introduce Legislation to extend opportunity zone expiration

An August 3, 2021 article published in the DI Wire notes Representatives across the nation have introduced The Growth and Opportunity Act in an effort to extend the very popular Opportunity Zone investment opportunities for UHNW investors beyond the slated expiration of 2026.

The Representatives behind this legislation believe Opportunity Zones are beneficial for both the improved and developed communities as well as the investors who seek the significant tax benefits Opportunity Zones provide.

Today there are 8,760 qualified Opportunity Zones across the United States; this legislation would enable new Opportunity Zones to be established every 10-years and would begin January 1, 2027 just after the current set expires. Below are links to learn more about how Opportunity Zones work and why they’ve become so popular the last years.

DI Wire Article: Republican Representatives Introduce Legislation to Extend Opportunity Zone Expiration

IRS – Opportunity Zones

U.S. Economic Development Administration – Opportunity Zones