Boston, Massachusetts Opportunity Zones

Massachusetts Opportunity Zones

Number Of Census Tracts 181

Number Of QOZs 13

Percent Of Census Tracts 7.18%

Number Of LICS 13

Boston lies in the state of Massachusetts which has decoupled itself from federal tax code provisions regarding Opportunity Zone tax deferral and treatment.

Out of the 181 census tracts that exist within, or partially within the city of Boston 13 have been designated eligible for Qualified Opportunity Fund investment. This represents approximately 7.18% of the census tracts in the city. Of the zones that are eligible, 13 qualify as a low-income community. This means the poverty rate was above 20%, or that the median household income was below 80% of the state or metropolitan area’s median household income.

The remaining zones qualified as contiguous, meaning they were located adjacent to an eligible tract, and the median household income did not exceed 125% of that eligible tract. Boston lies in the state of Massachusetts which automatically conforms to the federal tax code as it is amended. Both the city and state have adopted the new Qualified Opportunity Zone provisions. Massachusetts has 138 opportunity zones, which means Boston contains 9.42% of the Qualified Opportunity Zones that exist within the state.

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