In December 2017, the Tax Cuts and Jobs Act of 2017 was adopted. This Act includes the establishment of an Opportunity Zones Program to provide tax incentives, including a temporary deferral on capital gains taxes, when investors reinvest those gains in qualified opportunity funds. The funds must be invested in low-income communities from designated census tracts in the Opportunity Zone.
Attached is a map showing the approved Opportunity Zones within the City of Lauderdale Lakes. To schedule a meeting with our Opportunity Zones Coordinators, please contact the Economic Development Division at 954-535-2492.