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 in certain low-income communities. For more information view the Opportunity Zones Program FAQs.
For an outline illustrating the benefits and how the program works, please refer to the Fact Sheet created by the Economic Innovation Group. EIG is a bipartisan public policy organization addressing America’s most pressing economic challenges.
Please refer back to this website for more information as the Opportunity Zones Program gets under way (e.g., Opportunity Funds are created and investments are made).