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
3 new hints emerge on final Opportunity Zone rules; beginnings of ‘clear path forward,’ says Dan Gauthier, Rose Law Group transactional attorney handling many O-Zone investments
By Joshua Pollard | Forbes Investors, community advocates and residents across America who have been anxiously awaiting economic revitalization through the Opportunity Zone program have reason to be more optimistic. The government shutdown slowed the progress the IRS had been making toward determining final guidance on the new policy, but important hints are finally emerging on Capitol Hill that
Can ‘Opportunity Zones’ lift up America’s struggling towns? Excellent ‘chance,’ answers Dan Gauthier, Rose Law Group transactional attorney handling many O-Zone investments
Wharton University of Pennsylvania The $1.5 trillion Tax Cuts and Jobs Act, signed into law in December 2017, was the subject of heated debate about who mainly benefited from the tax overhaul. But buried in the plan was a provision that The New York Times called “the first new substantial federal attempt to aid [struggling] communities in more than a decade.” The
Which office markets are best bets for Opportunity Zone investment? Dan Gauthier, Rose Law Group transactional attorney handling many O-Zone investments, does the math
By Patricia Kirk | National Real Estate Investor Opportunity Zone investments are a hot topic in the commercial real estate industry right now, but which office markets may be the best targets for this type of strategy? The establishment of Opportunity Zones offers investors a way to defer and reduce taxes on capital gains, while building equity in real estate assets
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