Opportunity Zones

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Thief River Falls investors are eligible to receive tax incentives to through Opportunity Zones.

Opportunity Zones are a new community development program established by Congress in the Tax cut and Jobs Act of 2017 to encourage long-term investments in low-income and urban communities nationwide.

Thief River Falls investors are eligible to receive: a temporary tax deferral for capital gains invested, a step-up in basis for capital gains reinvested, and a permanent exclusion from taxable income of capital gains from the state or exchange of an investment in a qualified opportunity zone fund if the investment is held for at least 10 years.

For more information about Opportunity Zones visit: mn.gov/deed/business/opp-zones.

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