|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