When the Tax Cuts and Jobs Act was being negotiated and considered by Congress at the end of 2017, most practitioners, developers, and business owners were trying to assess its impacts on the mortgage interest limitation, the cap on the
Federal Opportunity Zones
The source on federal Opportunity Zones for investors, fund managers and project developers
Latest from Federal Opportunity Zones - Page 2
IRS to Release Long-Awaited Regulations for Opportunity Zone Program Today
Sills Cummis has learned that later today the Internal Revenue Service will be releasing the long-awaited regulations for the new federal Opportunity Zone program together with a revenue ruling and a key document, the Form 8996 for self-certification by OZ…
Opportunity Zones—Curb Your Enthusiasm (Maybe…)
The federal opportunity zone program offers the potential for directing new and significant capital investment to some of the country’s areas in need of development. When describing the program, we have referred to it as the next big thing in…
In the News> Opportunity Zones and Tax Credits: A Match Made In…?
By Ted Zangari
As seen on: HousingFinance.com
By: Catalina Vielma
Opportunity Zones have officially become the industry’s buzz phrase for 2018. Since the passage of the Tax Cuts and Jobs Act, we have watched governors designate which census tracts they want to favor…
In the News> (Big) Opportunity Knocks: Why Sills Cummis’ Attorneys Feel Opportunity Zones Could Bring ‘Greatest Wealth Transfer in History of Country’
As seen on: ROI-NJ.com
By: Tom Bergeron
In this ROI-NJ interview, Sills Cummis’ Ted Zangari and Jaime Reichardt share their insights on the recently enacted federal Opportunity Zone Program.
Ted Zangari, chair of the Redevelopment Law Practice Group at Sills Cummis…
In the News> When Opportunity Knocks: Cities Eager to Take Advantage of Opportunity Zones
By Ted Zangari
As seen on: Bisnow.com
By: Joseph Pimentel, Bisnow Los Angeles
In Downtown Long Beach, million-dollar homes, high-end condominiums and luxury apartments line Ocean Boulevard, just a few steps from the beach. The waterfront has high-rise hotels, towering office buildings and…
In the News> Fixing America’s Forgotten Places
By Ted Zangari
Opportunity Zones, created by Trump’s tax law, are meant to help the heartland thrive and make the country more equal—but can they pull it off?
As seen on: TheAtlantic.com
By: Annie Lowrey
FRESNO, Calif.—Census tract 06019000100 has a lot going…
A New Opportunity for Deferring and Reducing Capital Gains While Making Attractive Investments in America’s Distressed Areas
If you or your companies or clients are holding appreciated property of any kind, whether in the form of investments like stock, bonds, or a passive investment in a pass-through entity, or in the form of vacant land or a…
New York and Pennsylvania Nominate Their Choices for Opportunity Zones
Late last week, the governors of New York and Pennsylvania submitted their selections for opportunity zone designations to the U.S. Department of Treasury. Those nominations are expected to be approved by Treasury to take advantage of the new federal tax…
New Jersey “Opportunity Zones” Just Revealed
The U.S. Department of Treasury’s Community Development Financial Institutions Fund has just released the list of New Jersey’s approved Opportunity Zones. The Opportunity Zones are identified by specific census tracts provided below.
The federal Opportunity Zone program is a new…