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
Land getting premium pricing in Opportunity Zones; Dan Gauthier, Rose Law Group transactional attorney handling many Opportunity Zone investments, sheds light
Real Estate Daily News Globe St.com is reporting investors and developers are paying a premium for land sites in opportunity zones. A new study from Real Capital Analytics shows a rapid increase in pricing for opportunity zone deals. According to the study, prices for redevelopment projects in opportunity zones increase 14.2% since December 31, 2017, while prices for vacant land for
What question remains after opportunity Zone guidance? Dan Gauthier, Rose Law Group transactional attorney handling many Opportunity Zone investments, provides his take
By Dan Gauthier, Rose Law Group What is a question that the new Opportunity Zone guidance has not yet addressed that you feel the marketplace really needs a direct answer? Opportunity Funds, investors, and communities alike want to know what anti-abuse rules apply to Opportunity Funds – in other words, what conduct may cause a Fund to be de-certified or
Casa Grande comes in ‘10 of 10’ for opportunity zone investment
By Callan Smith | Rose Law Group Reporter By Callan Smith | Rose Law Group Reporter The opportunity zone tax incentive program is taking off, and Pinal County, specifically Casa Grande, is reaping the benefits. The city ranks “10 out of 10” in opportunity zone investment, according to a recent extensive analysis by the Federal Reserve Bank of St. Louis,
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