Trump Advisor Indicates Support for Adding New Opportunity Zones

A White House official shed some light on what a second term for President Donald Trump would mean for opportunity zones, suggesting what would amount to a potential doubling of the number of areas eligible for tax breaks.

There are currently more than 8,700 census tracks across the U.S. designated as opportunity zones under the 2017 tax law. Investors can reap capital gains tax breaks for putting profits into funds that finance projects in these mostly distressed areas.

States were allowed to choose 25% of their eligible tracts—based on poverty, median income, and other factors—to designate as opportunity ...