New West Sacramento Opportunity Zones
Another Reason to Invest in West Sacramento
The federal Opportunity Zones provide preferential tax treatment for capital gains investments in economically distressed areas. Investors may defer or eliminate taxes on capital gain investments made in designated Opportunity Zones in qualified opportunity funds (QOF’s).
West Sacramento’s riverfront including the Bridge District (TBD), Washington, Pioneer Bluff and Stone Lock have been designated as well as industrial and commercial areas between West Capitol Avenue on the north, the Sacramento River on the east and the Deep-Water Ship Channel on the south. View the West Sacramento Opportunity Zones here: http://dof.ca.gov/Forecasting/Demographics/opportunity_zones/documents/DesignatedQOZ.pdf
Businesses and partnerships may self-certify as a qualified opportunity fund (QOF) to be eligible for tax deferral on gains until the earlier of, the date that the investment in a QOF is sold or exchanged, or December 31, 2026.
Please visit the IRS Opportunity Zone FAQ: https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions and call Economic Development at (916) 617-4535.