Qualified Opportunity Zones

The Tax Cuts and Jobs Act created a new program to encourage capital investment in the over 8,700 Opportunity Zones selected by each of the states, District of Columbia, and U.S. possessions. This new program has the potential to provide investors in Opportunity Funds with deferral of tax on gains rolled over into an Opportunity Fund and potential elimination of tax on the appreciation recognized on the investment in the Opportunity Fund. Opportunity Funds and their investors will be looking to make investments in businesses and property located in Opportunity Zones. Come hear Ballard Spahr attorneys discuss steps you can take to benefit from this new federal tax program, including:

• Establishing and qualifying an Opportunity Fund

• Investing gains into Opportunity Funds

• Obtaining the maximum benefit of investing in Opportunity Funds

• Structuring Opportunity Fund investments

• Locating designated Opportunity Zones

• Positioning your business or property to qualify as eligible for investment capital from an Opportunity Fund

• Combining the benefits of an Opportunity Zone with other federal tax programs, such as Low Income Housing Tax Credits (LIHTC), Historic Tax Credits, and New Markets Tax Credits.

This program will be of particular interest to investment funds, real estate developers, LIHTC developers, people who do business within an Opportunity Zone, and investors looking to roll over their gains into an investment with favorable federal income tax treatment.