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Georgia's struggling areas could benefit from smart use of federal opportunity zones

By Guest Columnist BUZZ BROCKWAY, vice president of the Georgia Center for Opportunity

Buried in the Tax Cuts and Jobs Act of 2017 was a provision that, if used wisely, could benefit investors, while at the same time knocking down barriers to human flourishing in struggling areas of our state. Championed by U.S. Sen. Tim Scott, of South Carolina, opportunity zones allow an investor to defer capital gains taxes for up to 10 years, if the gain is invested in a Census tract designated as a qualified opportunity zone.