- Opportunity Funds
- About UC
When the Tax Cuts and Jobs Act was passed by Congress in December of 2017, a new section of the Tax Code was created (26 U.S. Code 1400Z-2). This section allowed for the creation of Opportunity Zones across the United States, and it defined the tax incentives that investors will receive for investing in Opportunity Zones. An Opportunity Zone is a community that has been designated by the state and certified by the IRS. Roughly 8,700 areas in all 50 states have been designated. The idea behind Opportunity Zones is to stimulate economic activity in certain selected areas across the country. To generate this economic activity, the Tax Code also defined how to create Opportunity Funds to invest in Opportunity Zones.