"WHY JUST VISIT, WHEN YOU COULD LIVE HERE!?"
Wildwood Century 21 Realtor
find your opportunity
Business will find a multitude of opportunities in Tuolumne County, between large Opportunity Investment Zones, competitive cost-savings, high tourism traffic counts, and more. Tuolumne county can provide your business with custom incentives for your business expansion.
Opportunity investment zones
Opportunity Zones are a community development program established by Congress in the
Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and
rural communities nationwide. The Opportunity Zones 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.
EXAMPLE: If a business owner in San Francisco sells their Oakland property for $800,000 with an original purchase price of $300,000, this individual could owe up to 20% or $100,000 in taxes to the government from the capital
gain tax. However, if this individual decides to invest the remaining $500,000 of capital gains into an Opportunity Investment Zone this individual could have their capital gain taxes reduced by 15% and not pay their tax bill for
10 years. Additionally, any capital gains collected from the investment after 10 years would incur no future capital gains tax levied. Thus, if the individual sold his business and office complex in 10 years with a 15% Return
on Investment, this business owner effectively
keeps $415,000 of tax deferred gains.