![]() ![]() ![]() ![]() Investors can roll existing capital gains into Opportunity Funds with no up-front tax bill.Temporary deferral of inclusion in gross income for capital gains that are reinvested into Opportunity Funds.The provision has two main tax incentives to encourage investment: No upfront subsidy is provided to investors all incentives are linked to the duration of the qualified investment. The Opportunity Zones Program provides an incentive for investors to reinvest unrealized capital gains into Opportunity Funds in exchange for a temporary tax deferral and other benefits tied to long-term holdings.The Land Clearance for Redevelopment Authority (LCRA) may issue a property tax abatement to assist in the removal of blight and blighting conditions within urban renewal areas.Land Clearance for Redevelopment Authority (LCRA).A longer and deeper abatement requires a financial analysis and approval by the EEZ Board and City Council. Eligible businesses may receive a standard 50 percent property tax abatement for improvements made to real property for 10 years. Designed to encourage job creation and investment, the Enhanced Enterprise Zone (EEZ) provides state tax credits and local property tax abatement to new or expanding businesses located within an Enhanced Enterprise Zone.Chapter 353 Tax Abatement is an incentive created to encourage the redevelopment of blighted areas by providing real property tax abatement and may be available for qualifying projects.To affect property tax exemption, the City will take titular ownership of the business assets therefore providing property (real and personal) and/or sales tax exemption for up to 10 years. Chapter 100 bonds may be issued by the City of Kansas City, Missouri, to assist with the construction or rehabilitation of eligible commercial facilities or the acquisition of the equivalent.An eligible business must invest a minimum of $10 million appropriate to the necessary industry sectors and create a minimum of 500 jobs. The BUILD program is an incentive designed to reduce necessary infrastructure and equipment expenses if a project can demonstrate a need for funding. ![]()
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