Rick Scott announces 427 areas designated “Low Tax Opportunity Zones” under new law

The zones target low-income census tracts in all 67 counties, making businesses and developers working there eligible for deferred capital gains taxes under the newly-approved federal Tax Cut and Jobs Act of 2017. Once designated, the census tracts qualify as opportunity zones for 10 years.  FloridaPolitics.com’s Scott Powers reports.

http://floridapolitics.com/archives/261767-rick-scott-announces-427-areas-designated-low-tax-opportunity-zones-under-new-law