In this podcast, our state tax team discusses state tax considerations relating to investments in federal qualified opportunity zones.
Opportunity Zone
Legal Alert: Overlooked opportunities? State tax considerations relating to investments in federal qualified opportunity zones
Posted in Digital Economy, Policy and Legislation
The federal Tax Cuts and Jobs Act (TCJA) created a new economic development program designed to spur investment in certain low-income communities designated as “Opportunity Zones.” The new federal tax provisions offer significant opportunities to defer, and in some instances permanently reduce, gains that are invested in Opportunity Zones, as well as to abate gains…