By: Rand Campbell
Opportunity Zones are a new economic development tool recently added to the federal tax code. There are 86 opportunity zones in Oregon, three of which are in Bend. The purpose of the new policy is to spur economic development and create jobs in economically distressed communities.
The policy provides tax incentives to investors who invest in real estate located in an opportunity zone. The tax incentives allow investors to defer federal taxes on recent capital gains, reduce those capital gains up to 15%, and pay as little as zero taxes on profits from the investment if it’s held over ten years.
Rand Campbell is a law student at Willamette Law. When he graduates in 2019, Rand is interested in practicing land use law in Central and Eastern Oregon. After serving as an extern for the firm this past summer, Rand is now working for Van Vactor Law LLC as law clerk.
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