The Tax Cuts and Jobs Act of 2017 created the Opportunity Zones program, which allows states to designate Opportunity Zones (“Zones”) within their state lines wherein investment may provide significant tax incentives. Under this program, investors can delay paying tax on capital gains until as late as December 31, 2026 if those gains are invested in Opportunity Funds (“Funds”) that invest in Zones across the country. Arizona’s Zones were approved in April 2018, making it one of the first states in the country to have its Zones officially designated.
These tax benefits could drastically reduce the cost of capital for these projects; for example, gains on investments in Funds can be federal income tax-free if the investment is held for at least 10 years. Rose Law Group provides a variety of services in conjunction with the Opportunity Zones program to help fund sponsors, developers, and investors unlock the full potential of the Opportunity Zones program. Our attorneys have studied the program extensively and know how to help you and your company get the greatest value from the Opportunity Zones program.
To learn more about Opportunity Zones, see Rose Law Group’s recent articles below.
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How Next Administration Could Tackle Multifamily Issues; Dan Gauthier, Rose Law Group Transactional Attorney Handling Many Opportunity Zone Investments, Comments
By Gail Kalinoski | Multi-Housing News Multifamily experts expect housing issues to play a big role in the new administration. They are also anticipating a divided Congress, which may postpone tax reform and could hurt investors with changes to 1031 exchanges and Opportunity Zones. “Housing–and particularly affordable–has been a mainstay of the campaign platform and will be front-and-center domestic policy
New IRS guidance provides additional relief and flexibility to Opportunity Zone investors, by RLG attorney Dan Gauthier and law clerk Peter Furlow
Print Email By Rose Law Group Attorney Dan Gauthier and Rose Law Group Law Clerk Peter Furlow The opportunity zone program was enacted by Congress as part of the Tax Cuts and Jobs Act in 2017. It was designed to incentivize investment and drive economic growth in qualifying distressed communities. Congress encouraged investors by offering substantial tax benefits, such as deferral and stepped-up
Opportunity Zones: Why local-first developers and funds are essential; Dan Gauthier, Rose Law Group transactional attorney handling many O-Zone investments, comments
By Erik Hayden | Forbes The American economy enjoyed record expansion for the past decade, but robust growth has not extended to many of the country’s economically distressed communities. The bipartisan opportunity zone (OZ) program is a creative solution to bridge that gap by encouraging long-term private investment in these areas. This influx of capital will fuel economic growth and