Opportunity Zones

DBEDT will present a number of workshops explaining Opportunity Zones, a new federal tax incentive designed to attract long-term private investment and stimulate economic growth in disadvantaged areas across the country—including neighborhoods throughout Hawaii. The incentive offers tax benefits to individuals and businesses when they invest capital gains from a prior investment into Opportunity Funds ...
Read More DBEDT presents Opportunity Zones Workshops: Maui, Hawaii and Kauai

IR-2018-206, October 19, 2018 WASHINGTON —The Treasury Department and the Internal Revenue Service today issued proposed regulations and other published guidance for the new Opportunity Zone tax incentive. Opportunity Zones, created by the 2017 Tax Cuts and Jobs Act, were designed to spur investment in distressed communities throughout the country through tax benefits. Under a ...
Read More Treasury, IRS Issues Proposed Regulations on New Opportunity Zone Tax Incentive

Understanding Opportunity Zones in Hawaii Opportunity Zones are a new federal tax incentive designed to attract private investment and stimulate economic growth in disadvantaged areas across the country—including neighborhoods in all of Hawaii’s counties. Enacted in Congress through the Tax Cuts and Jobs Act of 2017, this new incentive offers tax benefits to individuals and businesses ...
Read More Full Auditorium Gains Insights on Hawaii Opportunity Zones

The recently passed Federal Tax Cuts and Jobs Act authorized a community economic development program called the Opportunity Zones Program. This new program provides incentives for investors to re-invest unrealized capital gains into Opportunity Funds in exchange for temporary tax deferral and other benefits. The Opportunity Funds will then be used to provide investment capital ...
Read More Hawaii Gets Federal Approval on Census Tracts Nominated for New Opportunity Zones Program