In late May, NPRreported thatthe Trump Administration was looking at an extension for TheOpportunity Zone program in the wake ofCOVID-19.
Currently, investors can deferand lower their capital gain taxes through 2026 if they invest inan Opportunity Zone.
White House adviser Ja'Ron Smithtold NPR that the administration is looking "at ways thatwe can extend the legislation." He declined to discuss the detailson what an extension might entail.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
