Land Use & Zoning
Ohio's 'Opportunity Zones' (federal program in Ohio) incentivize investment by offering:
AProperty tax abatements for all Ohio properties
BFederal capital gains tax incentives for investing in designated low-income communities✓ Correct
CFree land for qualifying businesses
DAutomatic rezoning to commercial use
Explanation
Opportunity Zones (established by the 2017 Tax Cuts and Jobs Act) are federally designated low-income census tracts where investors can defer and reduce capital gains taxes by investing in a Qualified Opportunity Fund.
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