Columbia, Lancaster city tracts designated as qualified opportunity zones

The tracts — two in Columbia and four in Lancaster city — were recently designated as qualified opportunity zones.

The designation allows incentives for investors to develop assets in economically distressed communities by providing cuts on their capital gains tax after the assets are owned for a certain number of years.

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https://lancasteronline.com/news/local/columbia-lancaster-city-tracts-designated-as-qualified-opportunity-zones/article_fe5fbf10-74b9-11e8-9e5f-8f38d171b2e6.html