The Tax Cuts and Jobs Act of 2017 contains a new tax incentive for investments in low-income census tracts designated as Opportunity Zones.

Opportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act to encourage long-term investments in low-income urban and rural communities. Private investment vehicles that place 90 percent or more of their funds into an Opportunity Zone can earn tax relief on the capital gains generated through those investments. Tax benefits increase the longer investments are in place.

The Treasury Department and the Internal Revenue Service recently issued proposed regulations and other published guidance for the new Opportunity Zone tax incentive.

  • Opportunity Zones Guidance

    This document contains further guidance and proposed regulations for the Opportunity Zones program.

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  • Executive Order Establishing Opportunity and Revitalization Council

    The White House Council will improve revitalization efforts by streamlining, coordinating, and targeting existing Federal programs to economically distressed areas, including Opportunity Zones.

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  • Official Opportunity Zones Map

    View the map for all designated Opportunity Zones across the country.

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  • Draft Opportunity Zones IRS Form

    This is an early release draft of an IRS tax form for courtesy Opportunity Zones information.

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  • Opportunity Zones FAQ

    Frequently asked Opportunity Zones questions like what is an Opportunity Zone, what is a qualified Opportunity Fund and how can I get more information on Opportunity Zones.

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  • Opportunity Zones Forum

    Craig Nolte from the Federal Reserve Bank of San Francisco and Idaho Commerce hosted an Opportunity Zones Forum to discuss the program, zones across Idaho, and potential investment opportunities. Handouts from the event can be downloaded here and here.

Each state nominated a minimum of 25 total eligible census tracts but no more than 25% of the total number of eligible census tracts within the state. Approved Idaho Opportunity Zone tracts and informational one-pagers are listed below. For a complete file of all Idaho Opportunity Zones click here.

 

Applicant Name  County Census Tract
City of Boise Ada 16001002000
Meridian Ada 16001010321
New Meadows Adams 16003950100
Pocatello Bannock 16005001601
Benewah County Benewah 16009950100
Bonner County Bonner 16017950300
Boundary County Boundary 16021970200
Canyon County Canyon 16027022200
Nampa Canyon 16027020200
Canyon County Canyon 16027022100
Clearwater County Clearwater 16035970100
Nez Perce Tribe Clearwater 16035940000
Mountain Home Elmore 16039960300
Gooding Gooding 16047960100
Kooskia Idaho 16049940000
Riggins Idaho 16049960400
Jerome Jerome 16053970400
Post Falls Kootenai 16055000602
Moscow Latah 16057005400
Moscow Latah 16057005100
Kamiah Lewis 16061940001
Rupert Minidoka 16067970500
Lewiston Nez Perce 16069960300
Payette Payette 16075960200
Shoshone County Shoshone 16079960300
Buhl Twin Falls 16083000400
Twin Falls Twin Falls 16083001100
Valley County Valley 16085970300

DISCLAIMER: The U.S. Department of the Treasury has not completed its rule making on the Opportunity Zone program. All communications, documents, and maps provided by the Idaho Department of Commerce are for planning purposes only and may be subject to change based upon the Department of the Treasury’s final rule.