On Wednesday, July 11, Brenda Graat of Baker Tilly presented a tax reform update. She presented key tax reform takeaways for construction contractors and real estate businesses. Graat also explained the Opportunity Zones Tax incentives for investing in low-income communities and the benefits to them.
The 2017 Tax Cuts and Jobs Act established Opportunity Zones to spur private investment in distressed communities throughout the U.S. This new Opportunity Zones program will allow investment in some of our nation’s most economically challenged communities through tax incentives. The tax incentives encourage private investment to accelerate economic growth and job creation.
More about the Opportunity Zones Investment Program HERE
Baker Tilly Tax Reform Summary HERE
Baker Tilly Opportunity Zone HERE