• An Overview of Opportunity Zones and Proposed IRS Regulations Concerning Investments in Qualified Opportunity Funds
  • October 24, 2018 | Author: Matthew J. Schiller
  • Law Firm: Greenbaum, Rowe, Smith & Davis LLP - Woodbridge Office
  • On October 17, 2018, the Internal Revenue Service released proposed regulations and commentary concerning the opportunity zone program, a key component of the 2017 Tax Cuts and Jobs Act (TCJA). The opportunity zone program is intended to encourage long-term capital investments into select low-income communities through the use of a new type of investment vehicle known as a Qualified Opportunity Fund (QOF). This Client Alert presents an overview of the opportunity zone program, QOFs, and the IRS’s recently proposed regulations.