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A new program with the potential to attract investment capital into low-income areas of North Carolina was created by recently passed federal tax legislation, known as The Tax Cuts and Jobs Act (H.R.1). North Carolina Opportunity Zones will offer qualified investors certain tax benefits when they invest unrealized capital gains into these areas.

Key Federal Tax Incentives:

  • Temporary tax deferral for capital gains reinvested in an Opportunity Fund
  • Step-up in basis for capital gains reinvested in an Opportunity Fund
  • Permanent exclusion from taxable income of long-term capital gains

Contact Us

Community Planning Services Director

Hannah Jacobson
(704) 638-5230
Hannah.Jacobson@salisburync.gov


FEDERAL Opportunity Zones Website

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