Lincoln lies in the state of Nebraska 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.
Out of the 74 census tracts that exist within, or partially within the city of Lincoln 8 have been designated eligible for Qualified Opportunity Fund investment. This represents approximately
10.81%
of the census tracts in the city. Of the zones that are eligible, 8 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.
Lincoln lies in the state of Nebraska 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. Nebraska has 44 opportunity zones, which means Lincoln contains
18.18%
of the Qualified Opportunity Zones that exist within the state.
