Interested in viewing a particular property? The City's Parcel Researcher now has an opportunity zone layer, which you can toggle on as you research zoning, site constraints, and county parcel data for individual parcels.
|Vista Field Opportunity Zone||Downtown / Waterfront Opportunity Zone|
|Clearwater Avenue Commercial||Clover Island|
|Edison Street Commercial||Columbia Drive Urban Mixed Use Area|
|Vista Field||Columbia Gardens|
|Vista Industrial Park||Historic Downtown Kennewick|
What is an Opportunity Zone?
Special designated census tract where certain investments are eligible for preferential federal tax treatment.
How do I take advantage of the benefits of a Opportunity Zone?
When you have a sale of an asset or investment that triggers a capital gains tax you can reinvest that income in a Kennewick Opportunity Zone. The new investment allows:
- Deferral of capital gains for up to ten years
- Capital Gains partial abatement; 15% total if invested prior to 12/31/19, 10% total if invested prior to 12/31/21
- No accrual of tax on new investment if held for ten years or more @(Model.BulletStyle == CivicPlus.Entities.Modules.Layout.Enums.BulletStyle.Decimal ? "ol" : "ul")>