TOLEDO, Ohio — Sixteen pockets of Lucas County will carry a powerful new federal tax incentive starting Jan. 1, after the U.S. Treasury signed off on Ohio’s new map of Opportunity Zones — and only three Ohio counties received more designations than Lucas, Lake Erie Inquiry reported Sunday.
Starting Jan. 1, people who put money into the 16 Lucas County tracts will pay less federal tax on what they earn there, according to Lake Erie Inquiry, which read the county counts off the state’s approved tract list released Nov. 5. Nine of Lucas County’s 16 zones were also zones under the first version of the program in 2018, Lake Erie Inquiry reported.
Statewide, the approved list holds 260 zones, each a census tract, according to the governor’s office list reported by Lake Erie Inquiry. Gov. Mike DeWine announced that 260 census tracts in Ohio have been named federal Opportunity Zones, 95.3 WLKR reported, in an announcement the governor’s office made with Ohio Department of Development Director Lydia Mihalik, according to the governor’s Nov. 5 announcement as reproduced by New Americans Magazine…