‘Opportunity Zone’ Tax Incentives
NOTE: This webinar and materials have not been updated to reflect the second set of proposed Opportunity Zone regulations, which were released on April 17, 2019.
The Tax Cuts and Jobs Act of 2017 created a new economic development tool designed to incentivize eligible taxpayers to make investments in businesses and real estate developments located in low-income census tracts that have been specifically designated as Opportunity Zones. On October 19, nearly 10 months after the federal tax bill was signed into law, the U.S. Treasury Department issued its highly anticipated proposed regulations governing the Opportunity Zone program, paving the way for increased economic development and job creation in such zones.
In this complimentary webinar, McAfee & Taft economic development attorneysCheryl Vinall Denney andBonner Gonzalez provide an overview of the Opportunity Zone tax incentive program, discuss the recently issued regulations, and answer your frequently asked questions about this new program. Topics include:
- Designated Opportunity Zones in Oklahoma
- Rules for Opportunity Zone investments
- Tax benefits available for eligible investors
- Combining this program with other economic development incentives
- Anticipated next steps by the U.S. Department of Treasury and IRS
This webinar is now available for on-demand viewing. Register below to receive immediate access.
NOTE: Pre-registration (by November 12, 2018) was required to qualify for two hours of general CLE credit by the Oklahoma Bar Association and only available for 30 days after webinar release.