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Opportunity Zones

Opportunity ZonesThe Opportunity Zones program encourages long-term investment and job creation in low-income areas of the state, by allowing investors to re-invest unrealized capital gains in designated census tracts. The state of Missouri submitted the 161 Opportunity Zones listed below to the federal government for inclusion in the program.The provision has two main tax incentives to encourage investment:

  • Temporary deferral of inclusion in gross income for capital gains that are reinvested into Opportunity Funds.
    • Investors can roll existing capital gains into Opportunity Funds with no up-front tax bill.
    • If investors hold their Opportunity Fund investments for five years, the basis of their original investment is increased by 10 percent (meaning they will only owe taxes on 90 percent of the rolled-over capital gains.) If investors hold for seven years, the basis increases by a further five percent.
    • Investors can defer original tax bill until December 31, 2026, at the latest, or until they sell their Opportunity Zone investments, if earlier.
  • Excludes from taxable income capital gains on Opportunity Fund investments held for at least 10 years
    * Zones are subject to approval by U.S. Department of Treasury. A date for final approval has not been set.

Maps of Tracts Accepted by Missouri Department of Economic Development:

Brochures:

    Cluster Maps:

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    Opportunity Zones

    The Opportunity Zones program encourages long-term investment and job creation in low-income areas of the state, by allowing investors to re-invest unrealized capital gains in designated census tracts. The state of Missouri submitted the 161 Opportunity Zones listed below to the federal government for inclusion in the program.The provision has two main tax incentives to encourage investment:

    Temporary deferral of inclusion in gross income for capital gains that are reinvested into Opportunity Funds.

    Investors can roll existing capital gains into Opportunity Funds with no up-front tax bill.
    If investors hold their Opportunity Fund investments for five years, the basis of their original investment is increased by 10 percent (meaning they will only owe taxes on 90 percent of the rolled-over capital gains.) If investors hold for seven years, the basis increases by a further five percent.
    Investors can defer original tax bill until December 31, 2026, at the latest, or until they sell their Opportunity Zone investments, if earlier.

    Excludes from taxable income capital gains on Opportunity Fund investments held for at least 10 years

    * Zones are subject to approval by U.S. Department of Treasury. A date for final approval has not been set.

    Maps of Tracts Accepted by Missouri Department of Economic Development:
    Brochures:

    Blue Valley Opportunity Zone
    Central City Opportunity Zone
    Martin City Opportunity Zone
    Paseo Gateway Opportunity Zone
    Swope Park Opportunity Zone
    Interactive Map

    Cluster Maps:

    Kansas City, Missouri Clusters
    Central City Cluster
    353 Cluster
    EEZ Cluster
    LCRA Cluster
    New Market Tax Credits (NMTC) Cluster
    Blue Valley Cluster Focus
    Central City Cluster Focus
    Martin City Cluster Focus
    Paseo Cluster Focus
    Swope Park Cluster Focus
    Green Impact Cluster Focus
    Non-Residential Additions/Alternations
    Non-Residential New Construction

    Upcoming Events

    Wed

    26

    LCRA Board Meeting

    August 26 @ 9:30 am – 12:00 pm

    Kansas City

    MO

    64105

    View More…

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    Recent News18th and Vine Office Open House Attracts Solid Crowd, Local News InterestMarch 1, 2020The Economic Development Corporation of Kansas City, Missouri Leads Effort to Create Marlborough Community Coalition Urban Renewal AreaFebruary 12, 2020EDCKC and Opportunity Hub Announce the First Five Winners of the KC.UP Minority Accelerator at 3rd Fridays Entrepreneurship SeriesJanuary 24, 2020 READ MORE

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     Opportunity Zones18th and Vine Office Open House Attracts Solid Crowd, Local News InterestThe Economic Development Corporation of Kansas City, Missouri Leads Effort to Create Marlborough Community Coalition Urban Renewal AreaEDCKC and Opportunity Hub Announce the First Five Winners of the KC.UP Minority Accelerator at 3rd Fridays Entrepreneurship Series