Real estate investors expected to unlock trillions as feds finalize Opportunity Zone rules. Here’s where the money could flow in Arizona; plus more insight from Dan Gauthier, Rose Law Group transactional attorney

By Jeff Jeffrey | Phoenix Business Journal

Washington’s political rancor is rippling across the nation’s real estate industry, as the recent federal shutdown has delayed a plan to unleash trillions in property investment in the country’s biggest cities and most impoverished communities.

Specifically, the delay has affected new rules for investing in so-called Opportunity Zones, and in the process has prevented many investors from exploiting one of program’s key benefits: the ability to sell long-held properties, more or less tax free.

The potential payoff, which limits capital gains taxes on investment gains that are then reinvested in Opportunity Zones, stems from a little-known provision in the federal tax code changes passed by Congress in 2017.

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“Arizona’s opportunity zones are attracting investors from across the country, due in part to Arizona leadership’s proactive, thoughtful selection of qualified opportunity zones.”

~Dan Gauthier

Map of Arizona’s Opportunity Zones. / Arizona Commerce Authority / Phoenix Business Journal
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