The Tax Cuts and Jobs Act of 2017 established Opportunity Zones as a mechanism to provide tax incentives for investment in designated census tracts. Investments made by individuals through special funds in these zones would be allowed to defer or eliminate federal taxes on capital gains.
Resources
- Information on the Opportunity Zone program and how investors and communities can benefit are available on the California Community & Place-Based Solutions (CPBS) website (economicdevelopment.business.ca.gov).
- The U.S. Department of the Treasury maintains a resource site (www.cdfifund.gov) for Opportunity Zones.
Mapping Tools
- Determine if a property address is located within the boundaries of an Opportunity Zone by using the U.S. Department of Treasury CDFI Fund’s NMTC Public Viewer. (www.cimsprodprep.cdfifund.gov).
- CPBS has produced an interactive map (properties.zoomprospector.com) containing Opportunity Zones and other features such as hazard zones, electric utility coverage, and broadband access.
Documents
- Click here for an Excel workbook containing a list of the designated tracts for California.
- Click here to download a large, non-interactive map (28 inches x 40 inches) of the designated tracts for California.
- Click here to download a shapefile for the designated opportunity zone tracts. (Note: you must have ArcGIS, QGIS or some other GIS software to view these files.)
- Click here to download a kml file for the designated opportunity zones tracts that can be viewed in Google Earth.