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OH Communities with Opportunity Zones get new marketing tool from the State by WDTN.com

COLUMBUS, Ohio - Ohio has 370 Opportunity Zones, the full allotment given by the federal government. The boundaries of these zones are based on census tracts and are identified by the state while the Secretary of the U.S. Treasury certifies their qualification. That puts opportunity zones in 73 of Ohio's 88 counties. Making it easier for investors to find the right opportunity for them has been a high priority for the ...

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Rutherford touts opportunity zones at Indian Head summit by SoMdNews.com

The opportunity zone program allows investors to defer paying federal taxes on the capital gains they make from selling assets such as stocks, bonds and real estate for up to 10 years, provided that they deposit the money into a specially designated opportunity fund. The money in the opportunity fund is then used to invest in small businesses and development projects in the opportunity zone areas. Rutherford chairs the Maryland Opportunity ...

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At Last, More Guidance on Qualified Opportunity Zones, but Questions Still Remain by JD Supra

The proposed regulations: Define the term "Substantially all" for purposes the qualifying amount of property to be held by a Qualified Opportunity Zone Business and qualifying holding periods; Describe the transactions that prematurely trigger gain recognition otherwise deferred by investment in QOZs; Explain how to determine both the timing and amount of deferred gain to be recognized; and Address how leased property used by a QOZB will be treated. The definition ...

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Treasury's Second Set of Guidelines for Opportunity Zones Still Leaves Struggling Communities Behind by Center For American Progress

The Opportunity Zone program, part of the 2017 Tax Cuts and Jobs Act, has been touted as a key tool in revitalizing distressed communities. The Trump administration argues that giving tax breaks to investors to incentivize investments in certain struggling geographical areas will in turn benefit these communities and their residents. Community advocates hoped that the next set of guidelines would fix this shortcoming and address community concerns, including the potential ...

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Feds release new 'opportunity zone' regulations by TucsonSentinel.com

The U.S. Treasury Department has released new regulations for nearly 9,000 "Opportunity zones" that officials hope will unleash investment in the economically distressed areas. Under the 2017 federal tax law, people can get a tax break for investing in certain businesses and properties located in the zones. Treasury Secretary Steve Mnuchin said at the White House event that in addition to other changes, the new regulations will ensure that businesses ...

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Treasury May Wait to Finalize Both Sets of Opportunity Zone Rules by Bloomberg Tax

The IRS and Treasury may not finalize the first set of rules on opportunity zones right away, instead opting to wait and finalize the first and second sets of rules. "Treasury and the IRS may-with an emphasis on 'may'-follow up with a third set of regulations," Dan Kowalski, counselor to Treasury Secretary Steven Mnuchin, said April 25 during a conference in Denver. "Referring to the two already-released tranches of proposed rules, ...

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Neb. Prioritizes Opportunity Zone Development Grant Funds by Law360

Law360 - Nebraska will give opportunity zones priority funding from certain economic development grant programs under recently enacted legislation. L.B. 87, which was signed by Republican Gov. Pete Ricketts on Wednesday after passing the unicameral Legislature unanimously, requires the state Department of Economic Development to give preference to grant applications from projects and businesses that are at least partially located within an opportunity zone designated under the federal Tax Cuts ...

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Scott, Booker Plan to Extend Opportunity Zone Incentives by Bloomberg Tax

The original authors of the 2017 tax law's opportunity zones tax breaks plan to introduce a bill that would extend an incentive that expires for investors who take advantage of the provision after 2019, an aide to one of the lawmakers said. The bill, to be introduced with Sen. Cory Booker, would move back by one year the start date of the tax breaks. Under tax code Section 1400Z-2, investors can ...

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Opportunity Zone Gentrification: Federal Government Signals It Wants to Track the Results by Yahoo Finance

Criticism that opportunity zone tax breaks will benefit well-heeled developers and investors at the expense of low-income residents has been heard by the federal government. The Treasury Department issued a seven-page notice April 16 asking stakeholders to suggest how to measure the community impact from opportunity zone investments. The Tax Cuts and Jobs Act of 2017 created opportunity zones to revitalize economically distressed communities by encouraging investment through tax breaks. Investors ...

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What To Look For In Next Round Of Opportunity Zone Regulations by Bisnow

The opportunity zone program has been the talk of the real estate industry since it was created in December 2017 as a way to spur development in economically distressed census tracts. To reap the maximum benefit from the program - a 15% reduction on taxes - money has to be invested in opportunity zone funds by the end of this calendar year. Some asset managers are steering clients away from opportunity ...

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OZ FUNDS

MARKETPLACE

Qualified
Opportunity Zones

are new investment vehicles created as part of the Tax Cuts and Jobs Act of 2017 to incentivize investment in targeted communities called “Opportunity Zones”, which are census tracts designated by state and federal governments targeted for economic development. In return for these investments, investors receive several tax benefits, which vary depending upon the time capital remains invested in a Qualified Opportunity Zone (QOZ) Fund. There are many of these QOZ Funds to choose from – we’re compiling a list of them for your review!

Recently Added Projects

Sikari Luxe Hotel

$5,000,000

202 Parker St,

FL

33606

Eclectic Museum

$300,000

4115 Magazine St,

LA

70115

Theater Square

$8,000,000

450 N E St,

CA

92401

The Oracle Theatre

$10,000,000

720 Elbridge Dr NW,

GA

30318

Sattler Broadway Theater Complex

$10,000,000

512 Broadway,

NY

14204

Rumford Maine Best Western Hotel

$5,500,000

50 Prospect Ave,

ME

04276

SEE MORE PROJECTS

Recently Added Funds

Zone Opportunity Fund

$500,000,000

Winebrenner Opportunity Zone Fund

$25,000,000

Wefunder Puerto Rico Opportunity Fund

$0

Wefunder Detroit Opportunity Fund

$0

Viceroy Equities B’KOZ Opportunity Zone Fund

$75,000,000

Virtua Opportunity Zone Fund I

$200,000,000

Hottest QOZ Locations

Aleutians East, Alaska Qualified Opportunity Zone

Aleutians East, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2013000100

Tract Type

Low-Income Community

Aleutians West, Alaska Qualified Opportunity Zone

Aleutians West, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2016000100

Tract Type

Low-Income Community

Anchorage, Alaska Qualified Opportunity Zone

Anchorage, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2020000300

Tract Type

Low-Income Community

Anchorage, Alaska Qualified Opportunity Zone

Anchorage, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2020000600

Tract Type

Low-Income Community

Anchorage, Alaska Qualified Opportunity Zone

Anchorage, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2020000702

Tract Type

Low-Income Community

Anchorage, Alaska Qualified Opportunity Zone

Anchorage, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2020000703

Tract Type

Low-Income Community

Anchorage, Alaska Qualified Opportunity Zone

Anchorage, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2020001000

Tract Type

Low-Income Community

Anchorage, Alaska Qualified Opportunity Zone

Anchorage, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2020001900

Tract Type

Low-Income Community

Anchorage, Alaska Qualified Opportunity Zone

Anchorage, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2020002000

Tract Type

Low-Income Community

SEE MORE QOZ LOCATIONS

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world.

NEWS

Featured

Mayor Randall Woodfin: Opportunity Zones Are Useful for Neighborhood Revitalization by Birmingham Times

April 25, 2019

Cover story: ‘Opportunity zones’ offer lots of promise for St. Louis, but little action — so far by St. Louis Business Journal

April 25, 2019

WV Forward hosts panel series to grow projects in ‘WV Opportunity Zones’ by WBOY.com

April 25, 2019

Innovation, School Choice, Success In Opportunity Zone Are Focus In School District Changes by The Chattanoogan

April 24, 2019

The Good, The Bad And The Unknown When It Comes To Opportunity Zones by Bisnow

April 10, 2019

Rural KS citizens may save money on student loans, property taxes by The Bulletin

April 10, 2019

Current

Opportunity Zones Could Become the Biggest Economic Renewal Effort Ever — If Philanthropies Help Now (Opinion) by The Chronicle of Philanthropy

April 25, 2019

Silt mayor represented at Opportunity Zones Conference in D.C. last week by Glenwood Springs Post Independent

April 25, 2019

Your Voice, Your Future Town Hall: “Opportunity Zones and Community Revitalization” by KVAL

April 25, 2019

Treasury’s Second Set of Guidelines for Opportunity Zones Still Leaves Struggling Communities Behind by Center For American Progress

April 25, 2019

6 Opportunity Zone Articles You Should Read Now by GlobeSt.com

April 25, 2019

Opportunity Fund Investors Prepare to Zone-In | Verrill Dana LLP by JD Supra

April 25, 2019

4 Takeaways from the Opportunity Zone SuperConference | McGuireWoods Consulting by JD Supra

April 25, 2019

LA Capital Market Leaders Still Iffy On Opportunity Zone Properties by Bisnow

April 10, 2019

Few rush to invest in opportunity zones by InvestmentNews

April 10, 2019

Columbia County ‘Opportunity Zone’ designation opens door to development by Waitsburgtimes

April 10, 2019

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DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world.

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Q

O

Z

What is Qualified
Opportunity Zones?

Opportunity Zones are selected census tracts designated by local governments to spur economic development into these regions, created by the Tax Cuts and Jobs Act of 2017. By investing capital gains into these regions, investors take significant tax benefits.

Tax Deferral

Defer tax on invested capital gains, up to December 31, 2026

Tax Reduction

Invested capital gains can get up to 15% step-up in basis

Tax Exclusion

Zero taxes on Opportunity Zone investments held over ten years

Want to learn more about qualified opportunity zones?

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