Written by Glenn Graff, published by Novogradac Journal of Tax Credits, June 2021, Volume XII, Issue VI
One of the advantages of the opportunity zones (OZ) incentive is that there are few restrictions on the type of business that can be invested into. Real estate investments, technology companies, service companies and many other businesses are possible. However, Congress did choose to prohibit qualified OZ businesses from investing in what are commonly called "sin businesses."
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