It’s no secret that last December, President Donald Trump was undertaking significant efforts to have the Tax Cuts and Jobs Act of 2017 (“Act”) passed by Congress. Like other major federal legislation reform efforts that had come before it, the Act included certain provisions establishing new (or revising existing) programs that many simply were not aware of, or with which they did not have time to become familiar. Meanwhile, the legislation was being aggressively pushed through Congress. Once passed, it isn’t uncommon for the provisions and programs tied to that legislation to garner significant attention, and the new Opportunity Zone Program for community development is no exception.
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