About the Opportunity Zone Tax Incentive

Included in the Tax Cuts and Jobs Act (January 1, 2018) is a new tax incentive intended to help distressed urban and rural communities. These communities are experiencing uneven economic development patterns which create pockets of disinvestment and unemployment. 

The Investing in Opportunity Act (IIOA) aims to correct economic imbalances and improve economic outcomes of distressed communities by incentivizing investors - through the temporary deferral of capital gains taxes - to make equity investments in distressed areas.

These investments must be made in the low-income census tracts that have received official designation from the Governor.

 

Common Questions on the Program

When will funds be available? 

Guidelines for implementation of the Opportunity Zone program are still being finalized by the federal agencies overseeing the program. Opportunity Zone funding will not be available until the guidelines are finalized and the program is fully in place.

Who makes the decision of where funds and which projects will be funded in the Opportunity Zone? 

Opportunity Zone investments are made at the sole discretion of Opportunity Zone investment funds and their investors. Opportunity Zone investments are not administered or overseen by SLDC.

Who do I contact for more information? 

If you would like more information about the Opportunity Zone program or investment opportunities within the City of St. Louis’ Opportunity Zones, please contact Matt Bauer, the Opportunity Zone Program Manager. Make sure to refer back to this page for updates on the Opportunity Zone program.

External Opportunity Zone Resources

State of Missouri overview of the Opportunity Zone Program

Economic Innovation Group is a new national community investment program that connects private capital with low-income communities across America. Find the background on how the Opportunity Zones incentive works,  its history, and community of supporters

U.S. Internal Revenue Service (IRS) Opportunity Zones FAQ

Review the Novogradac Opportunity Zone Resource Center. Novogradac and Company is currently our only source of information directly from the department overseeing the program. It is at the forefront of providing guidance to potential Opportunity Zone funds and investors.

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