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Daytona Beach-area officials brief meeting on revised Opportunity Zones map and application timeline
Summary
City economic staff walked the board through an updated Opportunity Zones map, described IRS rule changes that tighten eligibility and said staff will submit tract-by-tract recommendations to the governor by April 1 and to the federal government by July 1.
Jeff, who delivered the city's economic and strategic opportunities report, showed an updated Opportunity Zones mapping tool and urged the board to review which census tracts remain eligible after recent IRS rule changes. He said the federal rules have been tightened and that some previously includable areas can no longer be overlaid to become eligible.
Why it matters: Opportunity Zones offer tax incentives that can influence where private investors place capital. Jeff said the city can use the application process to flag tracts that would benefit from investment and that…
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