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Montana’s Opportunity Zone application window opens
March 6, 2018 /
Local governments and Certified Regional Development Corporations may now apply for an Opportunity Zone designation as created by Congress.
The federal Tax Cuts and Jobs Act of 2017 established a new economic development financing tool called Opportunity Zones designed to encourage long-term private investment in low-income communities.
The program provides a federal tax incentive for taxpayers who reinvest unrealized capital gains into "Opportunity Funds," which are specialized vehicles dedicated to investing in low-income areas called "Opportunity Zones."
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