County applying for Opportunity Zones
The Marshall County Board of Supervisors is looking into creating Opportunity Zones.
The federal legislation allows community development programs to be created to encourage long-term investments in urban and rural communities nationwide.
The program provides tax incentives for investors to re-invest their unrealized capital gains into Opportunity Funds, dedicated to investing in Opportunity Zones and designated by the chief executives of every state or territory in the United States.
Justin Hall, executive director of the Marshall County Industrial Development Authority, said the act allows a business or industry or a large housing project to apply for capital gains breaks later on.
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