At The Podium
Federal Opportunity Zones in Oklahoma
While most expected that the Tax Cuts and Jobs Act of 2017 would eliminate or substantially reduce certain federal economic development tax incentives, it did neither. Instead, the Act actually contained a newly created economic development tool designed to incentivize eligible taxpayers to make investments in businesses and real estate developments in low-income census tracts called “opportunity zones.”
While speaking at the 2018 Connect Conference & Workshop, the Oklahoma Department of Commerce’s rural development conference, economic development attorney and featured keynote luncheon speaker Cheryl Denney provides an overview of the new federal Opportunity Zone program, discusses the three benefits available to eligible taxpayer-investors, and reviews the basic structure and requirements of a qualifying Opportunity Zone investment.
Moore Norman Technology Center
Oklahoma City, OK