What does a 130-room Marriott hotel have in common with an affordable housing complex? They’re both eligible for federal tax breaks under the new “opportunity zone” program. The program allows investors to defer taxes on capital gains income until 2026 so long as 90 percent of their investment stays in designated low-income communities via properties or businesses, according to the Wall Street Journal. But the Treasury Department has yet to set out the rules of […]
source https://therealdeal.com/2018/07/15/introducing-opportunity-zones-the-little-known-little-regulated-program-buried-in-trumps-tax-overhaul/
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