State Incentives: Texas is Where Business Goes Big
Opportunity Zones are a community development program established by Congress in the Tax Cuts and Job Act of 2017 designed to spur economic development in less-developed and under-invested communities. The program provides a tax incentive for investors to re-invest their unrealized capital gains into Opportunity Funds that are dedicated to investing into Opportunity Zones designated by the chief executives of every U.S. state and territory. Now is a perfect time to invest in Opportunity Zones because capital gains taxes on earnings from many types of investments can be deferred until December 31, 2026.
Opportunity Zones in Sherman, Texas:
Census Tracts 48181000902 & 48181002000
For business opportunities within our Opportunity Zones, please contact the City of Sherman at 903-892-7206.