Created by the federal government as part of the Tax Cut and Jobs Act of 2017, Marietta contains several areas recognized as Federal Opportunity Zones. Individuals investing in projects or properties within these area may be able to pay reduced capital gains taxes on returns.
Incentives include capital gain tax deferral until December 31, 2026, a step-up in basis with a 10%-15% deferred gain dependent on the amount of years the investment is held, and forgiveness of additional gains. For more details, visit the Georgia Department of Community Affairs or contact one of our staff.
For more resources regarding Federal Opportunity Zones, view the links below.