Tax Cuts and Jobs Act

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The Opportunity Zones (OZ) program is a provision in the 2017 federal Tax Cuts and Jobs Act that provides federal tax incentives for investments in economically distressed communities that have been designated as OZs. There are 879 designated OZs in California, located in nearly all of the state’s counties, and Gavin Newsom’s 2019-20 budget proposal would …continue reading