Recently the Wisconsin legislature, in both chambers, overwhelmingly voted to enhance the opportunity zone; massive tax savings for investors who invest in economic development projects in the State’s 60 urban and rural communities that qualify. This would in effect double the capital gains tax savings.
Investors’ tax liability can be reduced by as much as 30% for investing in a Wisconsin-based Opportunity Fund. If you are interested in learning more about investing in a diversified Wisconsin-focused Opportunity Zone Fund and receiving significant reductions in capital gains taxes, please visit Wisconsin Diversified Investments, LLC at www.WIDiversified.com.
This program would tie directly into the federal opportunity zone program that provides massive capital gains tax relief to participating in projects within certain geographic areas. We discussed this in another recent blog post https://ldfbdc.com/opportunity-zones/ which gets into the federal program in more detail.
The LDF BDC has a specific vision is to build sustainable, profitable businesses that provide career paths for citizens of the Lac du Flambeau Tribal community, embodying Tribal goals and objectives, while respecting the Tribe’s cultural values.
By developing business opportunities and creating strategic partnerships, we will positively impact economic growth and career opportunities. This holistic approach to economic development will build a strong, healthy nation as we shepherd progress into the seventh generation.The opportunity zone programs fit right into this mission and will contribute to further growth for the Tribe.