The process is fairly straightforward: when a private investment is made in a qualifying opportunity fund (QOF) within an opportunity zone, the investor may be eligible for tax relief on the capital gains invested in the fund, and the gains generated through the investment. Private investments made in opportunity zones may be eligible for preferential tax treatment. Spokane County has quickly become a prime business destination, as companies from around the globe increasingly recognize the unique economic, social and political climate of our region. Investments made in qualified opportunity zones inject the funds needed to move distressed communities forward so that they can keep pace with the rapid growth occurring in nearby neighborhoods. Opportunity Zones: Investments That Make A Difference
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