Opportunity zone

A qualified opportunity zone is a census tract designated under the federal program that rewards rolling capital gains into long-term investment within the zones: deferral of the original gain and, for sufficient holding periods, exclusion of the new investment's appreciation, delivered through qualified opportunity funds meeting the program's rules.

Zone status is a stable, parcel-checkable fact — the lot's tract is on the designation list or not — that changes a property's investor audience without touching its regulation. The benefits accrue to qualifying capital, not to mere ownership, and their arithmetic belongs to the current tax code: a property record can state the designation; everything past that is tax counsel's work.