Prior Postings
As we anticipated in our recent alert on the second round of proposed Opportunity Zone regulations, Worth the Wait: Second Round of Opportunity Zone Proposed Regulations Clears
As part of the Tax Cuts and JOBS Act of 2017, the U.S. Treasury Department designated over 8,000 economically distressed areas across the United…
The proposed regs were a long time in coming, but generally taxpayer friendly. Here are seven key updates.
More than 8,700 census tracts have been designated as "opportunity zones" with an estimated $6 trillion in unrealized capital gains that could qualify for investment.
A year after nearly 9,000 Opportunity Zones were established in the U.S., three municipalities with zones are taking advantage of the tax law with a community-based approach designed to leverage development both in and outside of their zone. Lincoln, Calais and Baileyville have set up "mega funds" that are not tied to one development, but organized by the municipality. The funds, managed by Acadia Capital Management II, are designed to leverage both the original intent of the zones and new rules that came out last month.
A new path for revitalization in Lafayette focuses on tax breaks to draw investment into parts of the city where more development is a priority.
Coastal Gains Opportunity Fund, a St. Petersburg company, has established a multimillion dollar fund aimed at taking advantage of Opportunity Zone tax benefits