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July 17, 2018 |
Opportunity Zones: A New Way to Tackle Economic Equality Challenges in America

Tucked away in the 1,000+ page Tax Cuts and Jobs Act, is a very interesting section on something called “Opportunity Zones.” Seemingly overlooked due to some of the headline-grabbing changes to income tax rates and deductions, the creation of Opportunity Zones has begun to generate buzz not only in the tax planning world, but also the Environmental, Social and Governance (ESG) community. Given our interest in both areas, we took a deeper look. This paper explores the tax benefits, positive social ramifications, and potential investment opportunities of the Opportunity Zone program.