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Opportunity Zones

 

Opportunity Zone Programs

Opportunity Zone Programs are structured as a tax incentive. Created as part of the 2017 tax reform, the incentive strives to encourage investment in mostly underserved communities. In Arizona—one of the first states to have officially designated zones--this incentive allows our local communities to further strengthen their surroundings and local economy.

As part of the program, taxpayers with qualified capital gains can invest them in identified Opportunity Zones throughout Arizona. Examples of qualified gains include:

  • Real estate
  • Capital from equipment sales
  • Business divestments
  • Stock sales

To learn more about how Opportunity Zones impact Arizona, visit the Arizona Commerce Authority website here.

Benefits of Opportunity Zones – when qualifying guidelines are met:

  • Defer payment of capital gains tax.
  • Reduction of capital gains taxes.
  • May eliminate or reduce taxes on future gains, if the investment is held for 5, 7 or 10 years.

Qualified Opportunity Zones

A taxpayer who recognizes capital gains can invest the gain in an opportunity fund and postpone taxes on those gains until 2026. Click here to view the designated Opportunity Zones throughout Arizona.

Investment Funds are required to organize as a corporation or partnership with the specific purpose of investing in Opportunity Zone assets. The fund must hold at least 90 percent of its assets in qualifying Opportunity Zones property. Funds will require both depository relationship (to hold the escrowed money) and debt for the various projects.

At Arizona Bank & Trust, we have the expertise and products to facilitate your Opportunity Zone investment. Partner with a banker that can maximize returns, both on debt and deposits.


Opportunity Zone Resource Center:

To learn more about local Opportunity Zones, and to view potential investment areas, please utilize the resources below:

Arizona's Opportunity Zones
Arizona Opportunity Zone Map
City of Phoenix Opportunity Zones
IRS FAQ

Leverage the skills of our experts, and contact us today!