New Jersey has conformed to the federal tax code since Opportunity Zone legislation was implemented in the IRC, and has adopted its provisions.
New Jersey has designated 169 Qualified Opportunity Zones, which is 49 more than the United States median of 120, and 16 more than the United States average of 153. These zones are located in 21 different counties, out of a possible 21 total counties that exist within the state. Opportunity Funds can invest in 100% of the counties in New Jersey.
Essex County houses the largest number of zones within the state at 23, which is 2 higher than the next most represented county in the state.
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