KETR

Opportunity Zones Benefit Economically Distressed Areas

Mar 13, 2019

Opportunity Zones in Texas
Credit Federal Reserve Bank of Dallas

Dr. Dale Funderburk, Texas A&M-Commerce economics professor, contemplates the opportunity zones created by the 2017 Tax Cut and Jobs Act, and which the city of Commerce is studying.  Businesses and industries investing in the "economically distressed" opportunity zones will receive federal capital-gains tax incentives.  The Dallas branch of the Federal Reserve Bank says 60 percent of the opportunity zones in Texas are fully or partially located in rural areas.