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
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
Affordable Housing Project Breaks Ground In Downtown Phoenix Opportunity Zone; Dan Gauthier, Rose Law Group Transactional Attorney Handling Many OZ Investments, Comments
(Disclosure: Rose Law Group represents Defer Gain.) By AZRE | Via AZBigMedia Pacific Oak Capital Advisers and Defer Gain broke ground on the St. Ambrose housing development located at the southwest corner of 12th St. and Van Buren St. in Phoenix on October 14 at 1155 E. Van Buren St. The one-of-a-kind project located in a downtown Phoenix Opportunity Zone
Senate Republican plans bill to alter Opportunity Zones. Dan Gauthier, Rose Law Group transactional attorney handling many O-Zone investments, comments
Bloomberg Tax Sen. Tim Scott (R-S.C.) is considering a bill that would let state and local governments amend the census tracts they chose for the opportunity zone tax breaks. Officials would be able to change a small percentage of the tracts, Scott said Wednesday at the United States Conference of Mayors meeting in Washington. The measure would be the latest
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