We are a high-functioning team of professionals skilled in the art of layering economic development tools to cash flow residential, commercial, agricultural and energy projects.
Our success stems from leveraging: the State of Montana's tax incentives and loan participation programs; Federal funds we secure from US EPA, US EDA, USDA, HUD and BLM; conventional financing; and annual contributions from member organizations and local and regional entities and individuals.
Together with our Board of Directors comprised of industry professionals and local government officials, we are Snowy Mountain Development Corporation—a 501(c)(3) non-profit economic development organization, designated by the State of Montana's Department of Commerce as a Certified Regional Development Corporation and by the United States' Economic Development Administration as a Federal Economic Development District.
Disclaimer: We are not fund managers, accountants, attorneys or brokers. We do not give investment advice, tax advice or legal advice. We do not receive any monetary benefit or partnership interest from Opportunity Zone Fund investments.
We provide strategic support to the communities in the Snowy Mountain Region to overcome the critical lack of affordable housing.
We provide strategic support to businesses that want to establish, expand or relocate operations to the Snowy Mountain Region.
What is an Opportunity Zone?
The Tax Cuts and Jobs Act of 2017 established a new economic development program called Opportunity Zones designed to encourage long-term private investments in low-income communities. Opportunity Zones provide a federal tax incentive for taxpayers who reinvest unrealized capital gains into “Opportunity Funds,” which are specialized vehicles dedicated to investing in low-income areas called “Opportunity Zones.”
The zones themselves are comprised of Low-Income Community Census tracts and designated by governors in every state and territory. The program has the potential to direct private capital toward distressed communities and serve as a catalyst for long-term, inclusive economic development. This may include downtown revitalization, workforce development, affordable housing, infrastructure, and business startup and expansion.
Tax Benefits to Investing in Opportunity Zones
For an investor to realize the tax benefits of investing in Opportunity Zones, an investor's capital gains must be invested in a Qualified Opportunity Fund within 180 days of the sale or exchange that generated the gains. Investors are then eligible to defer the tax on their capital gains until the earlier of: the date the Opportunity Fund investment is sold or December 31, 2026.
The capital gains invested in a Qualified Opportunity Fund are eligible for partial tax forgiveness if the investment is held in a Qualified Opportunity Fund for at least 5 years. After 5 years, only 90 percent of the original gain is taxed. If the investment is held for 7 years, only 85 percent of the original gain is taxed. If an investment in a Qualified Opportunity Fund is held for 10 years, any tax on the appreciation of that investment is forgiven. Learn more.
What are Opportunity Funds?
Opportunity Funds are Treasury-certified investment vehicles, that deploy capital into Opportunity Zones. Opportunity Funds are required to hold at least 90 percent of their assets in an Opportunity Zone. Learn more:
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Lewistown, MT 59457
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This website does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by any financial organization or institution or any other third party. Nothing in this website is intended to provide tax, legal, or investment advice and nothing in this website should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.
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