Bay Area Opportunity Zones

March's Map of the Month from MTC and ABAG Executive Director Steve Heminger looks at Bay Area "Opportunity Zones" designated by the State of California Department of Finance (DOF). From the Executive Director's latest report to the MTC Commission and ABAG Executive Board: The federal tax bill, passed in December 2017, allows investors to defer or eliminate capital gains on investments made in “Opportunity Zones”. These zones must be designated by the governor in each state from a set of eligible Census tracts. Governors must select no more than 25 percent of eligible tracts statewide. Federal Read More