The Los Fresnos East Business Corridor is located in a census tract and growth area on the outer edge of a Texas Opportunity Zone. Any investor interested in the benefits of this program should consult a CPA or tax attorney for more precise info.
An investor who has realized a capital gain by selling an asset like stocks or real estate can receive special tax benefits if they reinvest that gain into an Opportunity Fund within 180 days. There are three primary advantages to rolling over a capital gain into an Opportunity Zone Fund:
1. Defer the payment of your capital gains until Dec 31, 2026. 2. Reduce Effective Jan. 1 the benefit drops to 10% after 5 years. 3. Pay Zero tax on gains earned from the Opportunity Zone Fund.
Visit the article below if you wish to learn more about this opportunity.
Workforce Resources For Cameron County Brownsville (956) 546-3141 Harlingen (956) 423-9266
The Business Services Unit can assist with recruiting, screening and the referral of qualified job seekers. We can also provide consulting on special topics such as finding resources for funding and education. As your business changes, so will your Human Resource needs. Let our consultants help you with any questions and training issues for new and existing employees.