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FEDERAL
Richmond Opportunity Zone Investment Incentive
Federal tax incentive for qualified investments in designated Richmond Opportunity Zone census tracts.
About this program
Richmond has designated Opportunity Zone census tracts where qualified investors may receive federal tax benefits for investments made through Qualified Opportunity Funds into eligible businesses or real estate projects.
Eligibility
Qualified Opportunity Fund investments into eligible businesses or property located in Richmond Opportunity Zone census tracts, subject to federal Opportunity Zone rules.
Requirements
- Confirm project location in a designated Opportunity Zone tract
- Structure investment through a Qualified Opportunity Fund
- Meet federal eligible business or property rules