When the Tax Cuts and Jobs Act was signed into law in late December 2017, an important investment tool was created, offering significant federal income tax incentives for investors to provide capital to operating businesses and for real estate development – called Opportunity Zones.
Specifically, Opportunity Zones are designed to encourage investment of private capital into newly formed investment entities, Opportunity Funds, which will deploy the invested capital into businesses located in and real estate development occurring within certain designated areas throughout the country.
Opportunity Zones offer taxpayers significant federal income tax incentives for investing, including the long-term deferral and partial reduction of gain from the sale of an asset where the gain proceeds are reinvested in an Opportunity Fund. However, the most notable federal income tax incentive is the exclusion of income from taxation on an investor’s appreciation of his or her interest in the Opportunity Fund where the investor holds such investment for a certain period of time. It is estimated that $6 trillion of unrealized gain exists in assets eligible for re-investment in this program.
Snell & Wilmer invites you to the next program in the Emerging Business Seminar SeriesTM, where partners Brian J. Burt and Marc L. Schultz, will discuss how to invest with the new Opportunity Zone Program.
Topics for this complimentary seminar will include:
- What are Opportunity Funds?
- What can the Opportunity Funds invest in?
- Where are the locations of the Opportunity Zones?
- What are the tax advantages of investing in an Opportunity Fund?
For more information, and to RSVP, click here.