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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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