Central Illinois Opportunity Fund, LLC
Qualified Opportunity Zones (O-zones) were created as part of 2017’s Tax Cuts and Jobs Act, under a new provision to Section 1400Z.
The current O-zone designations will remain in effect until 12/31/2028.
Deferral of capital gains taxes on O-zone Fund investments until 12/31/2026. Reduction of up to 15% of taxes from invested capital gains.
100% of gains generated from Ozone Fund investment are excluded from taxable income if asset is held at least 10 years.
O-zone Fund investments are limited to equity investments in real estate, businesses, and business assets that are located in Ozones.
The Route 32 Commercial Center is a 17-acre development in southern Sullivan with frontage on Route 32. Located just a couple of miles north of the Lake Shelbyville marina, and across the street from the Hydro-Gear factory, this new development site will contain multiple, flexible commercial lots and a new multifamily site.