If you need a cost-effective spot with global access, a prepared workforce, AND unparalleled financial incentives – you’ve found it. Florida’s Opportunity Zone Program fosters long-term economic development through reduced, deferred, and in some cases, tax-free capital gains.
The program provides investors with one or more of three tax benefits.
✓ Temporary deferral of taxes on previously earned capital gains Investors can place existing assets with accumulated capital gains into Opportunity Zone Funds. Those existing capital gains are not taxed until the end of 2026 or when the asset is disposed of.
✓ Basis step-up of previously earned capital gains invested. For capital gains placed in Opportunity Funds for at least five years, investors’ basis on the original investment increases by 10 percent. If invested for at least seven years, investors’ basis on the original investment increases by 15 percent.
✓ Permanent exclusion of taxable income on new gains. For investments held for at least ten years, investors pay no taxes on capital gains produced through their investment in Opportunity Zone Funds.
Opportunity Florida can help you make the most of our regional advantages and incentives. There’s so much going on in our quiet little neck of the woods. Opportunity is here - you should be too!