Opportunity Zones
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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McSally, Caliber tout opportunity zones; O-Zones work! says Rose Law Group founder and president Jordan Rose
AZBigMEdia With $5 trillion of investable capital sitting on the sideline and not being put into projects across the U.S., opportunity zones – created by the Tax Cuts and Jobs Act – are a way to take advantage of a tax reduction and invest in local communities. Caliber – The Wealth Development Co., on Wednesday hosted a tour of
An unlikely group of billionaires and politicians has created the most unbelievable tax break ever; O-zones ‘a bright light,’ says Rose Law Group founder and president Jordan Rose
By Steve Bertoni | Forbes Success Street in North Charleston, South Carolina, might be the most misnamed place in America, a path through a weedy, desolate neighborhood with 20% unemployment and a 40% poverty rate. Its biggest claim to fame strolls past the gritty brick apartment buildings and tumbledown bungalows on a muggy morning in late June: Timothy Scott, a
The Opportunity Zone is a ‘rare gift’
By Jordan Rose and Jim Belfiore | East Valley Tribune In just the last month, through the implementation of Trump’s tax plan, a compelling new tool to spur investment into property across Arizona has been adopted. The Opportunity Zone was created to promote investment in areas that states want to see further economic activity. The tax bill allowed governors to
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