Skip to content

News · Around town · Vigo County · Terre Haute · Indiana

Braun Adds Two Terre Haute Tracts to Opportunity Zone Map

Two Terre Haute tracts were added to the federal opportunity zone map, with the tax benefit flowing first through investment funds.

Braun Adds Two Terre Haute Tracts to Opportunity Zone Map

Key takeaways

  • Two Terre Haute tracts were added to the opportunity zone map.
  • The tax benefit goes first to investment funds.
  • The designation is tied to investment in the selected areas.

Two Terre Haute tracts have been placed on the opportunity zone map by Braun, creating access to an investment structure tied to tax benefits.

What changed

The decision covers two tracts in Terre Haute. The opportunity zone designation identifies the areas for investment under a tax-advantaged process.

How the tax benefit works

The benefit goes to investment funds first. Those funds are the channel through which investment tied to the designated tracts can receive the tax treatment.

That structure distinguishes the opportunity zone program from a direct payment to residents or property owners. The designation instead centers on funds that invest in the selected areas.

What remains to be followed

The two Terre Haute tracts are now part of the opportunity zone map. The next steps will involve how investment funds use the designation and what projects, if any, follow in those areas.

What to watch

  • Which investment funds use the designation.
  • What projects are proposed within the two tracts.
  • Whether additional details about the tracts or investment process are announced.

Was this useful?

Related stories