Idaho’s newly approved Opportunity Zones could help bring more housing, businesses and jobs to communities across the state. The attraction for investors is the potential tax savings.
This month, Idaho Commerce announced that the U.S. Treasury approved 25 zones, including areas in Boise, Coeur d’Alene and Post Falls. The new Opportunity Zone designations take effect Jan. 1.
An Opportunity Zone is a designated area where the federal government offers tax benefits to encourage private investment. The idea is straightforward: give investors a financial reason to put money into communities that could benefit from more economic activity…