EPI Utah Chapter Event | May 25, 2023

How Opportunity Zones are used to reduce capital gains for a business owner.  

Opportunity Zones and Opportunity Zone Funds were established by the 2017 Tax Cuts & Jobs Act as a way to drive capital and resources into communities that had been left behind in the recovery after the Great Recession.  The main tax advantages are the initial deferral and reduction of capital gains taxes after the sale of any capital asset including privately held businesses and then eventually a total exclusion of future capital gains taxes in an Opportunity Zone Fund.