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Service Description: Opportunity Zones provide federal capital gains tax advantages for investments made in these areas. This designation is intended to attract capital investment into areas that are economically distressed.
To be eligible as an Opportunity Zone, census tracts had to qualify as “low-income”. To do so, the census tract must have met one of the following requirements:
1. The tract has a poverty rate of at least 20%; OR
2. (A) For a census tract in a metropolitan area, the tract’s median family income does not exceed 80% of the greater of: the metropolitan area median family income or the statewide median family income; or (B) For a census tract in a non-metropolitan area, the tract does not exceed 80% of the statewide median family income.
If you have any questions regarding the Opportunity Zone program or nomination process, please email opportunityzones@gov.in.gov
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Comments: Opportunity Zones provide federal capital gains tax advantages for investments made in these areas. This designation is intended to attract capital investment into areas that are economically distressed.
To be eligible as an Opportunity Zone, census tracts had to qualify as “low-income”. To do so, the census tract must have met one of the following requirements:
1. The tract has a poverty rate of at least 20%; OR
2. (A) For a census tract in a metropolitan area, the tract’s median family income does not exceed 80% of the greater of: the metropolitan area median family income or the statewide median family income; or (B) For a census tract in a non-metropolitan area, the tract does not exceed 80% of the statewide median family income.
If you have any questions regarding the Opportunity Zone program or nomination process, please email opportunityzones@gov.in.gov
Subject: 2010 Census Tracts designated as Opportunity Zones in Vanderburgh County Indiana
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Keywords: OZ,OPPORTUNITY,ZONES
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