“The Tax Cuts and Jobs Act of 2017 establishes a new federal tax incentive to encourage long-term investments in certain low-income communities newly designated as Opportunity Zones. Through Opportunity Funds, private investment within a designated Opportunity Zone may earn tax relief on both the capital gains invested in the funds and those generated through the investment by the fund.”– Business Oregon
In the Mid-Columbia region there are two primary opportunities for comment:
- Oregon: Comments are open through 5 pm Pacific Time on March 14, 2018. More information is available here. Comment using this form: http://development.oregon4biz.com/acton/form/14786/0045:d-0001/0/-/-/-/-/index.htm.
- Washington. Skamania County Economic Development Council and the Klickitat County Economic Development Authority are prioritizing potentially eligible zones. Comments and support letters are requested by March 26, 2018.
MCEDD’s Executive Committee authorized submission of comments for the region in relation to the Zone, in coordination with our City, County and Port economic development partners. Please contact us at 541-296-2266 or firstname.lastname@example.org with questions.