Snohomish County Opportunity Zones:
7. Darrington — US Census Tract 53061053700
About the Opportunity Zones Program
Authorized by the Federal Tax Cuts and Jobs Act; December 22, 2017. Program is designed to provide tax incentives to investors who fund businesses in under-served communities.
Defer/reduce federal tax on current capital gains and elimination of taxes on future capital gains for investments held for ten years in designated Opportunity Zones. Program has five, seven and ten year holding periods.
»» Real Estate Development
»» Operating Businesses
»» “Sin Businesses” Excluded
Examples: Country Club,
Massage/Tanning/Hot Tub Facility,
Gambling or Liquor Sales
For More Information: