The Tax Cuts and Jobs Act of 2017 created Opportunity Zones, a new community investment tool designed to drive long-term capital into rural and low-income urban communities throughout the nation. Under the program, investors are able to defer paying taxes on capital gains that are invested in qualified Opportunity Funds, which will be invested in distressed communities designated as Opportunity Zones.
https://www.cityofvancouver.us/ced/page/opportunity-zones
Download Resource January 31, 2019