As the U.S. government shutdown drags into its 28th day, real estate investors are growing concerned with the future of the opportunity-zone tax incentives that are a part of the nation’s new tax plan.
Regulatory uncertainty amid the shutdown has cast doubt on the programs, whose primary aim is to incentivize real estate development in struggling communities.
The Internal Revenue Service — which has furloughed the bulk of its employees during the government shutdown — also was forced to indefinitely postpone a Jan. 10 informative public hearing on the opportunity zone program.
Many real estate investors have been thrilled at the prospects of the opportunity zone tax incentives to not only boost returns but also help disadvantaged areas.
Originally Published on January 18, 2019 at 10:33PM
Article published originally via “opportunity zones” – Google News https://thinkrealty.com/gov-shutdown-curbs-investor-participation-opportunity-zone-tax-incentives/