The opportunity zones program offers federal tax benefits for investors in low-income communities. To establish the qualifying zones, states, U.S. possessions and Washington D.C. nominated various low-income communities. The governor of each state was permitted to select 25 percent of the state’s qualifying areas for the program. The qualifying areas were designated by census tract data and had to meet the definition of low-income as defined under the New Markets Tax Credit program. The states could designate up to five percent of their qualifying opportunity zones in areas that were not classified as low-income but were contiguous to qualifying areas. They were also required to consider the following when identifying their zones:
Now certified by the U.S. Department of Treasury, the opportunity zones will remain fixed from the date of designation through the close of the tenth calendar year.
This mapping tool can help you determine if a project may qualify within eligible census tracts.
Disclaimer: The data presented in this map are provided as a reference and the validity cannot be guaranteed. All data should be verified with the U.S. Department of Treasury and CDFI Fund before using it in your decision making process.