Whether you are launching a project or business in an OZ or have capital gains to invest, the benefits of the OZ incentive are among the most exciting and advantageous opportunities stemming out of the Tax Cuts and Jobs Act. Who Should Attend:
This program will help guide our audience through the mechanics of the OZ incentive and how the incentive works in practice, including for businesses that are already active in OZs and tax-exempts. We will cover topics such as which investments qualify, setting up Opportunity Funds, tax planning strategies, how businesses and real estate and other capital-intensive projects can be qualified activities, how the OZ incentive can be combined with other government incentives, policy issues and other considerations. Guests will have a unique opportunity to hear from and speak directly with lawyers and policy team members who are active in this space.
The OZ tax incentive is intended to encourage investment and job creation in distressed areas. Any U.S. or non-U.S. business, individual, trust or estate with U.S. capital gains arising from the sale or exchange with an unrelated person of any business or nonbusiness property may invest the capital gains in an Opportunity Fund within 180 days of the transaction and avoid paying tax on the gains through 2026. Capital gains on investments held at least 10 years in Opportunity Funds can be completely free from federal income tax. These tax benefits can reduce the cost of capital for a range of projects (real estate, renewable energy, infrastructure, and more) and businesses (software, medtech, manufacturing, retail, services, and more) in OZs, making them more viable, especially when paired with other development incentives.
Would you like to submit questions in advance?
If you have any topics or questions you would like discussed at our program, please submit them here.
- Investment Advisers
- Financial Service Companies/Institutions
- Business Organizations
- Real Estate Developers
- Non-Profit Organizations
- Civic and Community Members