Article by: Frank H. Countess On December 22, 2017, the Tax Cuts and Jobs Act (TCJA) created Qualified Opportunity Zones. There are numerous provisions contained in the TCJA that were discussed and analyzed thoroughly by the news media outlets, such as cuts to the Federal tax rates for corporations and reductions to the Federal personal income tax rates amongst others. One of the provisions contained in the TCJA that failed to attract any attention whatsoever was the provision related to establishing Qualified Opportunity Zones. The Opportunity Zone concept was conceived to spur economic development in low income population census tracts…. read more »