Opportunity Zones


A new program with the potential to attract investment capital into low-income areas of North Carolina was created by recently passed federal tax legislation, known as The Tax Cuts and Jobs Act (H.R.1). North Carolina Opportunity Zones will offer qualified investors certain tax benefits when they invest unrealized capital gains into these areas.

Key Federal Tax Incentives

  • Temporary tax deferral for capital gains reinvested in an Opportunity Fund
  • Step-up in basis for capital gains reinvested in an Opportunity Fund
  • Permanent exclusion from taxable income of long-term capital gain

Benefits to Investors

  • Investment funds defer federal tax gains on the sale of Real Estate, Stocks/Equities/Businesses/Other
  • Investor must be placed in OZ Fund within 180 days of asset sale
  • Investor Federal Tax Gain Reduced:
    • 10% after 5 years
    • 15% after 7 years
    • 100% after 10 years
  • No federal taxes on the appreciation of the project after 10 years

Ripe For Investment

  • Renewal School District
  • City-wide 10 Gbps FTTH Broadband Network
  • Natural Area of Expansion
  • Mid-way Between Greensboro and Charlotte, NC
  • Transportation Hub, Featuring Upcoming Amtrak Expansion
  • Salisbury listed as #13th Best Small Cities to start a small business (Wallet Hub, April 2019)

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