Traditional Investment | Earnings Accrued from QOF Investment Held Ten Years | ||
---|---|---|---|
Original Investment | $1.5 million | Original Investment | $1.5 million |
Sold for: | $2 million | Sold for: | $2 million |
Capital Gain: | $500,000 | Capital Gain: | $500,000 |
Capital Gain Tax Rate: | 23.80% | Capital Gain Tax Rate: | 0% |
Capital Gain Tax Due: | $119,000 | Capital Gain Tax Due: | $0 |
Post-Tax Earnings: | $381,000 | Post-Tax Earnings: | $500,000 |
Tax Savings: | $0 | Tax Savings: | $119,000 |
Source: Author’s Calculations |
RCR Railpark: 750 acres, estimated billion dollar capital investment at full build out. In Opportunity Zone. They have broken ground. All approvals in place.
Valero Fueling Facility: $40,000,000 capital investment. In Opportunity Zone. Completed and operational.
Hart Components: 80,000 sq. ft. truss manufacturer under construction. Not in Opportunity Zone. Will generate significant sales taxes for the city and EDC.
Three projects pending: Not Opportunity Zone. 250 new jobs and $12,000,000 plus capital investment.
Perfect Game is creating a state-of-the-art baseball complex in Hutto, Texas as part of a major expansion initiative
Full release https://www.perfectgame.org/Articles/View.aspx?article=16335
Posted by Perfect Game USA on Thursday, April 18, 2019