Earlier today I had the honor and pleasure of hosting Emily Lavery from Fulcrum Public Affairs and Catherine Lyons from the Economic Innovation Group (EIG) on our quarterly webinar series “From the Land of OZ” where we focus on all
Opprotunity Zones - Insights From the Land of Oz
The blog "Opportunity Zones - Insights From the Land of Oz," published by Duane Morris LLP, focuses on legal and regulatory developments related to Opportunity Zones. It covers legislative updates, tax implications, and government programs affecting Opportunity Zones, including analysis of major tax bills and their impact on the Opportunity Zone program. The blog also discusses funding initiatives and grants for real estate developers within these zones, providing insights into policy changes and practical considerations for stakeholders involved in Opportunity Zone investments and development projects.
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Latest from Opprotunity Zones - Insights From the Land of Oz
OZs and 2026 Planning – the Now and Future for OZs!
As I sit here at the cross roads of the end of 2025 and the beginning of 2026, I am filled with renewed optimism in the Opportunity Zone program and not only its promise of economic development in low income…
Opportunity Zones – Senate Version of the Big Beautiful Bill Passes and Is Signed into Law by the President – Contains a Permanent OZ Program
On July 1, 2025, the Senate voted on and passed a newer version of the Big Beautiful Tax Bill. This version of over 1,000 pages long was passed along party lines and sent to the President for signature which occurred…
A Permanent Opportunity Zone Program clears the Senate as part of the Big Beautiful Bill passage earlier today – now, back to the House for reconciliation!
Earlier today, on 7-1-25, the Senate passed its version 2 of the Big Beautiful Bill by a vote of 51-50 with Vice President Vance casting the tie breaking vote. Senators voted along party lines with the exception of Republicans Rand…
A “One, Big Beautiful” Tax Bill is released — Its Implications for the OZ Program – A Longer Yellow Brick Road!
Earlier this week, on 5-12-25, the House Ways and Means Committee released its draft One, Big Beautiful Tax Bill. The draft Bill hits on many topics, including Opportunity Zones, and will likely be actively debated in the House and be…
NJEDA Creates Emerging Developer Fund – makes grants of up to $200,000 for pre-development costs available for small scale developers
Last week, the New Jersey Economic Development Authority (NJEDA) Board approved a new $20 million pilot program to support “rising real estate developers”. The Emerging Developer Fund is designed to help developers gain access to capital and build additional capacity to expand their…
Bi-Partisan Opportunity Zone Extension Legislation Introduced – Again!
During the high brow discussions the last few weeks in Washington regarding the potential shut down of the Federal Government, it would have been very easy to miss one little legislative tidbit that happened last week. Yes, you have read…
From the Land of OZ: Bi-Partisan OZ Bill Introduced in the House and the Senate – Wait, Whaaaattttt?
Yes, indeed, you have read it correctly. A bi-partisan (both Ds and Rs) and a bi cameral (dating us back to grade school – both the House and Senate) have announced an OZ bill that is intended to address multiple…
From the Land of OZ: Equity Investments into QOFs Up Sharply in the last 6 months of 2021!
According to reporting this week from Novogradac, Qualified Opportunity Fund (“QOFs”) investments were sharply up in final 6 Months of 2021. While this is not overly shocking given the expiration of the 10% reduction benefit under the OZ Act on…
OZ Filing Deadlines Approaching – Make sure to connect with your tax filer on who is doing what!
Friends and colleagues, a quick reminder which you are likely aware of, but in the “let’s be sure” category: 2021 QOFs – If you created a QOF (a Qualified Opportunity Zone fund) in 2021, your first tax return will be…