Local Opportunity Zones

Part of the new tax law includes opportunity zones where there are tax incentives to invest in underserved areas. From WAND yesterday:

Davis touts 'Opportunity Zones' provided by tax law

Congressman Rodney Davis gathered with Decatur officials to tout the designation of several Central Illinois communities as opportunity zones.

The designation, allowed under the 2017 Federal Tax Law, gives tax incentives for investments in distressed communities.

“Areas of our country that have a lot of extra capital to invest are looking for incentives to be able to get a return on that investment,” Davis said. “Now we're going to give them a better return on that investment by not charging them capital gains taxes or reduced capital gains tax rates.”

Link to this blurb and the video segment that aired here. You can click the map above to see the full size image or check out the full interactive map at the resources page linked in the article here.