{"id":14,"date":"2021-01-07T21:06:36","date_gmt":"2021-01-07T21:06:36","guid":{"rendered":"http:\/\/nwgrc.digitalceds.com\/?page_id=14"},"modified":"2026-07-28T21:41:44","modified_gmt":"2026-07-28T21:41:44","slug":"opportunity-zones","status":"publish","type":"page","link":"https:\/\/nwgrc.digitalceds.com\/?page_id=14","title":{"rendered":"Opportunity Zones"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”OPPORTUNITY ZONES” _builder_version=”4.18.0″ text_font=”||||||||” header_font=”Open Sans|700|||||||” header_text_color=”#1e2658″ header_font_size=”38px” header_2_font=”Open Sans|700||on|||||” header_2_text_color=”#1e2658″ header_2_font_size=”38px” header_2_letter_spacing=”1px” header_2_line_height=”1.4em” header_3_font=”Open Sans|700||on|||||” header_3_text_color=”#003468″ header_3_font_size=”14px” header_3_letter_spacing=”1px” header_3_line_height=”2em” text_orientation=”center” max_width=”700px” module_alignment=”center” locked=”off” global_colors_info=”{}”]<\/p>\n

ECONOMIC DEVELOPMENT<\/span><\/h3>\n

OPPORTUNITY ZONES<\/h1>\n

[\/et_pb_text][et_pb_divider color=”#E09900″ divider_weight=”2px” _builder_version=”4.18.0″ max_width=”60px” module_alignment=”center” height=”2px” locked=”off” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”0px||10px||false|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

Federal Opportunity Zones in Northwest Georgia <\/span><\/h3>\n

Federal Qualified Opportunity Zones were created by the Federal 2017 Tax Cuts and Jobs Act and designed to spur economic development by bringing private investment to areas that might otherwise have difficulty attracting it. Opportunity zones consist of low-income census tracts nominated by the State of Georgia and comprise economically distressed areas where new investments may be eligible for preferential tax treatment and the resulting investments.<\/p>\n

Five census tracts in Northwest Georgia are designated as qualified opportunity zones. These zones are located in Floyd County (Census Tract 11 and 16), Gilmer County (Census Tract 803), Polk County (Census Tract 104), and Walker County (Census Tract 202). Located mainly in urban\/suburban areas, these tracts offer residential, commercial, and industrial development and redevelopment opportunities. The following incentives are offered to investors who put their capital to work in these qualified opportunity zones: 1. Temporary, capital gain tax deferral: \u2022 The period of capital gain tax deferral ends upon 12\/31\/2026 or an earlier sale 2. A step-up in basis: \u2022 Investment held for 5 years \u2013 Basis increased by 10% of deferred gain (90% taxed) \u2022 Investment held for 7 years \u2013 basis increased by another 5% of deferred gain (85% taxed) 3. Forgiveness of additional gains \u2022 Investment held for 10 years \u2013 Basis equal to fair market value; forgiveness of gains on appreciation of investment of sale or exchange of Opportunity Fund investment. This exclusion only applies to gains accrued after an investment in an Opportunity Fund.<\/p>\n

The following incentives are offered to investors who put their capital to work in these qualified opportunity zones:<\/p>\n

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    \n
  1. Temporary, capital gain tax deferral: <\/span><\/li>\n<\/ol>\n
      \n
    • \n
        \n
      • The period of capital gain tax deferral ends upon 12\/31\/2026 or an earlier sale<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

        2. A step-up in basis: <\/span><\/p>\n

        \u2022 Investment held for 5 years \u2013 Basis increased by 10% of deferred gain (90% taxed)<\/p>\n

        \u2022 Investment held for 7 years \u2013 basis increased by another 5% of deferred gain (85% taxed)<\/p>\n

        3. Forgiveness of additional gains <\/span><\/p>\n

        \u2022 Investment held for 10 years \u2013 Basis equal to fair market value; forgiveness of gains on appreciation of investment of sale or exchange of Opportunity Fund investment. This exclusion only applies to gains accrued after an investment in an Opportunity Fund.<\/p>\n

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        Cederatown \/ Polk County<\/h3>\n

        [\/et_pb_text][et_pb_image src=”https:\/\/nwgrc.digitalceds.com\/wp-content\/uploads\/sites\/30\/2026\/07\/Screenshot-2026-07-28-at-4.10.22-PM.jpg” _builder_version=”4.27.6″ _module_preset=”default” theme_builder_area=”post_content” title_text=”Screenshot” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_image][\/et_pb_column][et_pb_column _builder_version=”4.27.6″ _module_preset=”default” type=”2_5″ theme_builder_area=”post_content”][et_pb_image src=”https:\/\/nwgrc.digitalceds.com\/wp-content\/uploads\/sites\/30\/2026\/07\/Screenshot-2026-07-28-at-5.40.23-PM.png” _builder_version=”4.27.6″ _module_preset=”default” theme_builder_area=”post_content” title_text=”Screenshot 2026-07-28 at 5.40.23\u202fPM” hover_enabled=”0″ sticky_enabled=”0″ custom_margin=”75px||||false|false”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ theme_builder_area=”post_content” _builder_version=”4.27.6″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” hover_enabled=”0″ sticky_enabled=”0″][et_pb_row _builder_version=”4.27.6″ _module_preset=”default” column_structure=”3_5,2_5″ theme_builder_area=”post_content”][et_pb_column _builder_version=”4.27.6″ _module_preset=”default” type=”3_5″ theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” theme_builder_area=”post_content” hover_enabled=”0″ sticky_enabled=”0″]<\/p>\n

        Ellijay \/ East Ellijay \/ Gilmer County<\/h3>\n

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        Rome \/ Floyd County<\/h3>\n

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        Rossville \/ Walker County<\/h3>\n

        [\/et_pb_text][et_pb_image src=”https:\/\/nwgrc.digitalceds.com\/wp-content\/uploads\/sites\/30\/2026\/07\/Screenshot-2026-07-28-at-4.14.02-PM.jpg” _builder_version=”4.27.6″ _module_preset=”default” theme_builder_area=”post_content” title_text=”Screenshot” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_image][\/et_pb_column][et_pb_column _builder_version=”4.27.6″ _module_preset=”default” type=”2_5″ theme_builder_area=”post_content”][et_pb_image src=”https:\/\/nwgrc.digitalceds.com\/wp-content\/uploads\/sites\/30\/2026\/07\/Screenshot-2026-07-28-at-5.36.03-PM.png” _builder_version=”4.27.6″ _module_preset=”default” theme_builder_area=”post_content” title_text=”Screenshot 2026-07-28 at 5.36.03\u202fPM” hover_enabled=”0″ sticky_enabled=”0″ custom_margin=”75px||||false|false”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

        ECONOMIC DEVELOPMENT OPPORTUNITY ZONESFederal Opportunity Zones in Northwest Georgia Federal Qualified Opportunity Zones were created by the Federal 2017 Tax Cuts and Jobs Act and designed to spur economic development by bringing private investment to areas that might otherwise have difficulty attracting it. Opportunity zones consist of low-income census tracts nominated by the State of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-14","page","type-page","status-publish","hentry"],"lang":false,"translations":[],"_links":{"self":[{"href":"https:\/\/nwgrc.digitalceds.com\/index.php?rest_route=\/wp\/v2\/pages\/14","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nwgrc.digitalceds.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/nwgrc.digitalceds.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/nwgrc.digitalceds.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nwgrc.digitalceds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14"}],"version-history":[{"count":4,"href":"https:\/\/nwgrc.digitalceds.com\/index.php?rest_route=\/wp\/v2\/pages\/14\/revisions"}],"predecessor-version":[{"id":3491,"href":"https:\/\/nwgrc.digitalceds.com\/index.php?rest_route=\/wp\/v2\/pages\/14\/revisions\/3491"}],"wp:attachment":[{"href":"https:\/\/nwgrc.digitalceds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}