OZ Pitch Day - June 19
OZ Pitch Day - June 19
As 2019 winds down and the full benefit of the Opportunity Zones tax incentive expires, here are some key dates for investing in Opportunity Zones — past and future. Note: as IRS regulations are not yet finalized, these dates are…
Here are five of the most intriguing Opportunity Zones articles from the past week or so. Several articles, notably the big New York Times piece from August 31, were critical of the OZ program and how little it has helped…
The staffs of the Securities and Exchange Commission and the North American Securities Administrators Association (NASAA) have issued preliminary guidance on how Qualified Opportunity Fund (QOF) investing may be subject to securities law. The joint statement issued last week is…
On Tuesday, July 9, approximately 100 people attended the auditorium at the IRS New Carrollton Federal Building just outside of Washington DC as 19 groups of Opportunity Zone stakeholders testified during the public hearing on proposed regulations: “Investing in Qualified…
On Tuesday, July 9, the IRS hosted a public hearing on the second tranche of proposed regulations on Investing in Qualified Opportunity Funds [REG-120186-18]. The hearing took place at the IRS New Carrollton Federal Building just outside of Washington DC.…
Today, July 1, is the final day to submit a public written comment to the IRS ahead of next week’s hearing on Qualified Opportunity Funds. Click here to listen to the live stream of the IRS hearing on July 9.…
Puerto Rico Governor Ricardo Rosselló signed the Puerto Rico Opportunity Zones Development Act last week. The bill creates the regulatory framework for investing in Opportunity Zones on the island and establishes conformity with the federal tax incentive. Several additional incentives…
Last Thursday, May 9 at the SALT Conference in Las Vegas, Department of Housing and Urban Development Secretary Ben Carson announced two new Federal Housing Administration incentives for multifamily properties located in Opportunity Zones. Firstly, FHA has designated a team…
Senate Bill 1344 would require the Treasury Department to collect data and issue a report on the effectiveness of the Opportunity Zones tax policy. The bill is sponsored by Cory Booker (D-NJ), Tim Scott (R-SC), Todd Young (R-IN), and Margaret…
The second tranche of IRS regulatory guidance on Qualified Opportunity Funds was released last month. This morning, it was posted to the Federal Register. Public comments on the proposed rules can be submitted at Regulations.gov. Comments are due July 1.…