Trump Administration Seeks to Boost Opportunity Zones

In Condo Tracker, Lifestyle, Market Trends, Philanthropy, Pressby Associated PressLeave a Comment

By Martin Crutsinger and Darlene Superville

The Trump administration on Wednesday proposed new regulations aimed at making it easier for investors to take advantage of tax breaks for investing in “Opportunity Zones” in low-income areas.

The proposed regulations issued by the Treasury Department seek to clear up questions that were keeping some investors from using the tax incentives.

President Donald Trump, speaking at a White House conference to promote the program, said governors in all 50 states and U.S. territories had designated 8,700 neighborhoods as Opportunity Zones, making these economically depressed areas eligible to be used for the federal tax incentives.

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