By Joshua Pollard | Forbes
Opportunity Zone legislation just got better and clearer. Potentially, the legislation will become even more favorable in the future. For whom did it get better? Investors AND communities. Is it perfect yet? No. Would it be a mistake to simply sit on the sidelines and wait for it to get better? Yes.
Quick background: The major tax legislation from December 2017 created Opportunity Zones allowing investors to defer, reduce and eliminate capital gains tax if they invest in 8,000+ very specific areas throughout the US.