Prospective investors can take advantage of the capital gain tax incentives to incentivize investment in Butte's Opportunity Zone.
Submit an Opportunity Zone Property:
If you would like to submit your property, that is currently in the Butte Opportunity Zone, please provide the information below. For any questions, please email one of the representatives on the contact page.
Selling a property in the Opportunity Zone does not qualify for the Tax & Jobs Act of 2017 benefits, however, the capital gains from the sale of the asset(s) may be invested in an Opportunity Zone property for the tax deferral. Investors can defer tax on any prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment in a QOF is sold or exchanged, or December 31, 2026. If the QOF investment is held for longer than 5 years, there is a 10% exclusion of the deferred gain. If held for more than 7 years, the 10% becomes 15%. Second, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor is eligible for an increase in basis of the QOF investment equal to its fair market value on the date that the QOF investment is sold or exchanged. Butte Local Development Corporation, Butte-Silver Bow City-County, and Headwaters RC&D are not liable for the sale of...