Opportunity Zones

 

 


Opportunity Zones in Yankton


There are 25 opportunity zones in South Dakota, including Census Tracts 461359663.01 and 461359663.02 which are both located in Yankton County.  Printable maps of local opportunity zones with site selector links are located below. 
 

 

Census Tract 461359663.01


 
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Census Tract 461359663.02


 
   

For more information about opportunity zones in Yankton County, please contact Nancy Wenande

 

 


What are Opportunity Zones?


Opportunity Zones are census tracts generally composed of economically distressed communities that qualify for the Opportunity Zone designation according to criteria outlined in 2017’s Tax Cuts and Jobs Act. Since the passage of the law, Opportunity Zones have been designated in all 50 states in the US, the District of Columbia, and five US possessions (American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and the Virgin Islands). 

 

 

Why are they important?


Opportunity Zones were created to revitalize economically distressed communities using private investments rather than taxpayer dollars. To stimulate private participation, taxpayers who invest in Qualified Opportunity Zones are eligible to benefit from capital gains tax incentives available exclusively through this new legislation.

 

 


More Information and Resources


 

 

The Opportunity Zones Database


 

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Internal Revenue Service (IRS) Resources


 

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   Frequently Asked Questions