Tax Incentive for Oregon Business
IncSmart Oregon (Small Business and Startups) - The new tax incentive for Oregon business has been created to drive investment in communities that have previously been hampered by a lack of access to capital.  The federal Tax Cuts and Jobs Act of 2017 allows Oregon’s Governor to nominate up to 86 Opportunity Zones in the state. The final selections will be made by the U.S. Department of Treasury from this list.  Under the new federal tax laws, investors with currently unrealized capital gains can move those gains tax deferred into an Opportunity Fund.  Opportunity Funds are expected to be created by Community Development Financial Institutions.

Opportunity Zones are similar to enterprise zones and are designed to draw private investment to low-income communities.  Business owners around the state have until March 14 to provide input to Business Oregon on the best locations for these 86 Opportunity Zones.  The potential for Oregon investors and small businesses to benefit is enormous if action is taken before March 14. Once placed in an Opportunity Fund, the amount invested will be available to invest in property and improvements in Opportunity Zones, with some limitations. Please consult a professional tax advisor for specifics. Investors who leave their money in the Opportunity Fund for 10 years will qualify for a 15% decrease in capital gains taxes on the original sum they invested. Plus, any gains earned through the fund’s investments are tax-free under current state and federal law.
By IncSmart Staff Writer

Starting a Business in Oregon

For 10 years, Business Services has helped companies and people from all over the world form Oregon Corporations and Oregon Limited Liability Companies. When you call, email, text, message or live chat with our office, expect personal attention.  Small business is the heart of IncSmart. 

We are very excited about helping you form your new company.  Each state is so different when it comes to filing documents, you will know right away you are in the right place. 


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