Opportunity Zones (Anne Arundel County)

A federal 10-year program established by Congress in the Tax Cuts and Jobs Act of 2017 and administered by the U.S. Department of the Treasury that offers tax incentives to encourage investors to reinvest unrealized capital gains into qualified Opportunity Funds dedicated to investing in low-income or underserved communities. Anne Arundel County has four designated Opportunity Zone tracts — one in Odenton and three in Brooklyn Park — considered economically distressed communities. The program...