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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In The News
Real estate investors expected to unlock trillions as feds finalize Opportunity Zone rules. Here’s where the money could flow in Arizona; plus more insight from Dan Gauthier, Rose Law Group transactional attorney
By Jeff Jeffrey | Phoenix Business Journal Washington’s political rancor is rippling across the nation’s real estate industry, as the recent federal shutdown has delayed a plan to unleash trillions in property investment in the country’s biggest cities and most impoverished communities. Specifically, the delay has affected new rules for investing in so-called Opportunity Zones, and in the process has
Sales up on ‘Opportunity Zones’; Dan Gauthier, Rose Law Group transactional attorney handling many O-Zone investments, comments
By Alexander Casey | Zillow Sale prices ticked up sharply in some of the nation’s lowest-income and highest-poverty communities near the end of last year—but mostly in the neighborhoods now eligible for newly created tax breaks. Tucked within the Tax Cuts and Jobs Act of 2017 (TCJA) is a somewhat overlooked, but potentially massive, program: Opportunity Zones. Investors have flocked to these
Investors eagerly await Trump rules on Opportunity Zones; Dan Gauthier, Rose Law Group transactional attorney handling many O-Zone investments, comments
Disclosure: Rose Law Group represents Virtua Partners in some of their properties By Jim Tankersley |The New York Times A hotel groundbreaking ceremony here in an old cotton field not far from Interstate 10 last month featured two United States senators, a hot catered lunch and a stream of speeches about driving economic investment to this corner of the Southwest that
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