Opportunity zones: What you need to know
December 11, 2019 - 9 a.m. to 10 a.m.
The newly enacted federal Opportunity Zone (OZ) is a federal tax incentive for investors to invest in low-income urban and rural communities through the favorable treatment of reinvested capital gains and forgiveness of tax on new capital gains.
Opportunity Zones were enacted as part of the 2017 tax reform package (Tax Cuts and Jobs Act) to address uneven economic recovery and persistent lack of growth that have left many communities across the country behind. This economic and community development tax incentive program provides a new impetus for private investors to support distressed communities through private equity investments in businesses and real estate ventures. The incentive is deferral, reduction and potential elimination of certain federal capital gains taxes.
Join us Dec. 11 for an overview of Opportunity Zones, focusing on how they can benefit your bank and your customers.
1. Dan Nordberg-Regional Administrator, U.S. Small Business Administration
2. Evelyn Lim-Regional Administrator, U.S. Department of Housing and Urban Development
3. Sallie Clark-Colorado State Director, U.S. Department of Agriculture Rural Development
4. Gina Vincent-Community Affairs Specialist, Federal Deposit Insurance Corporation
This event will be held at CBA:
140 E. 19th Ave. Suite 400
Denver, CO 80202
Call-in attendance is available. Please indicate your choice to attend in person or via telephone when registering