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Opportunity Zones Nevada Tax Incentive

With the Tax Cuts and Jobs Act of 2017 came the Opportunity Zone Tax Incentive, purposed for patient private investment in growth in low-income areas. As of June 2018, sixty-one census tracts in Nevada received designation as Qualified Opportunity Zones by the U.S. Dept. of Treasury and the IRS, forty-five of which are in Clark County. See this list for those zones' details.

Incentive benefits:

Deferral of taxes

Reduction in taxes by 10 to 15 percent

Exclusion of capital gains tax on appreciation if held for 10 years

“O-Zone investments take the form of equity, are expected to account for up to 30 percent of the capital investment in an entity, and must be made through Opportunity Zone Funds (O-Funds).” Source: State of Nevada Department of Business and Industry

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Rooted in integrity and guided by genuine care, the team blends expertise and heart to make every client’s real estate journey meaningful and rewarding.

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