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.

On Our Team

In The News

$15 Billion in anticipated Opportunity Zone investment identified by NCSHA; Dan Gauthier, Rose Law Group transactional attorney handling many Opportunity Zones, comments on O-Zones wide-ranging investment potential

    By NCSHA WASHINGTON, DC — The National Council of State Housing Agencies (NCSHA) has released a significantly expanded third edition of its Opportunity Zone Fund Directory featuring 53 Qualified Opportunity Funds (QOFs) representing nearly $15 billion in anticipated investment in designated high-poverty neighborhoods. NCSHA reviewed public information on these 53 funds and found the following. READ ON: “Although the early

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HUD secretary to lead Opportunity and Revitalization Council; Dan Gauthier, Rose Law Group transactional attorney handling many Opportunity Zones, comments

DS News U.S. Housing and Urban Development Secretary Ben Carson was named the chairperson of the White House Opportunity and Revitalization Council that was established through an Executive Order signed by President Donald Trump on Wednesday. The council, which will consist of 13 federal member agencies will engage with governments at all levels on ways to more effectively use taxpayer dollars to revitalize low-income

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How cities and states can maximize investment in Opportunity Zones

By Jordan Rose and Dan Gauthier | Rose Law Group As you have read, Opportunity Zones are a federal community development program enacted as part of the Tax Cuts and Jobs Act, with the primary purpose of incentivizing long-term investment in zones set aside by each state. Arizona has 168 Opportunity Zones, designated by Governor Ducey and certified in April.

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