Nevada Opportunity Zones
Nevada Opportunity Zones- Why You Should Consider Investing
What are Nevada opportunity zones?
There are 61 designated Nevada opportunity zones. They are often referred to as O-Zones. O-Zones were created to “spur investment in distressed communities throughout the country. New investments in Opportunity Zones can receive preferential tax treatment.” “The creation of Opportunity Zones is one of the most significant provisions of the Tax Cut and Jobs Act. Incentivizing private investment into these low-income communities can be transformational, stimulating economic growth and job creation across the country,” said Secretary Steven T. Mnuchin.”(1)
“Qualified Opportunity Zones retain this designation for 10 years. Investors can defer tax on any prior gains until no later than December 31, 2026, so long as the gain is reinvested in a Qualified Opportunity Fund, an investment vehicle organized to make investments in Qualified Opportunity Zones. In addition, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor would be eligible for an increase in its basis equal to the fair market value of the investment on the date that it is sold.” (1)
SCA Design can help with your Nevada Opportunity Zones investment strategy
When investing, it’s important to know what you are committing. Do you have a strategy? Do you know what can be built on the land or parcel of real estate in an opportunity zone? SCA Design has a team of architectural professionals skilled to help you. We help you envision the land and create a design that will be feasible for the specific opportunity zone property. We will help you determine if it is a good use of space for the area. SCA Design will help from the very beginning. We start with consulting on the land acquisition. (We can even refer you to a lender that can lend money for the property.) Then we take you all the way through the design build process to completion. After completion, we follow through with assuring occupancy permits are signed off.
Nevada Opportunity Zones- Map
You can view an interactive map of Nevada opportunity zones here: VIEW MAP
More information on Nevada Opportunity Zones
The Business Advocate, a publication of the Nevada Department of Business and Industry, published the following in their Winter 2018 edition. (2) It has a lot of great information including recordings of a recent live conference on Nevada opportunity zones. Listen and learn about how you can get involved in investing in Nevada Opportunity Zones. Then give us a call. We are here to help. 702-719-2020.
Opportunity Zones Las Vegas Nevada(2)
Additional Nevada investment opportunities
The City of Henderson, located on the outskirts of Las Vegas, was just named one of the 50 Best Places To Live in America. There is a lot of growth in the area with the Raiders practice facility being built. There are few areas that need a economic boost. The Water Street District has incentives for businesses.
If you are considering investing in Nevada, check out these incentives offered by NV Energy:
Take a look at some of the latest legislation to affect Opportunity Zones
Established in 1995, SCA Design, LLC, is a medium sized architectural and design firm. SCA Design is located at 2580 St. Rose Parkway, Suite 305, Henderson, Nevada. SCA Design specializes in Residential, Commercial, Retail, and Interior Design. Visit www.SCADesign.com and view the portfolio of local design projects completed. Contact Nickel Lowman at SCA Design at 702-719-2020, for media related questions and inquiries.