The U.S. Department of Transportation has released an interactive map that provides details about significant transportation-related facilities, such as highway exits, train stations, and bus stops, that are located in or near Opportunity Zones. Click here to read more.
Federal Opportunity Zones
The source on federal Opportunity Zones for investors, fund managers and project developers
Latest from Federal Opportunity Zones
Much-Needed Clarity Finally Arrives for Reaching the Land of OZ
On April 17, the Internal Revenue Service (“IRS”) issued new proposed regulations to address a number of the outstanding questions and ambiguities pertaining to the Opportunity Zone program. The hope is that the new IRS guidance will spur significant Opportunity Zone investments that have been on the sidelines waiting for additional clarity. The proposed regulations…
New Jersey Division of Taxation Announces Conformity with Opportunity Zone Tax Benefits
This week, the New Jersey Division of Taxation issued key guidance on the Opportunity Zone program. The guidance provides that New Jersey will conform to federal tax rules when it comes to the Opportunity Zone tax benefits for gross income and corporation business tax purposes. Accordingly, New Jersey taxpayers will have the opportunity to take…
Additional Opportunity Zone Guidance Could be Delayed…Again
In light of the federal government shutdown, the hearing scheduled for January 10 to hear comments on proposed regulations pertaining to the Opportunity Zone program has been cancelled. Click here to read more.
We will keep you apprised of future updates.
In the News> National Study Ranked Nearly 8,000 Opportunity Zone Tracts in 2 categories: Newark had one in Top 10 of both
By Ted Zangari
As seen on: ROI-NJ.com
By Tom Bergeron
The city of Newark has one of the top locations in the country for investors looking to take advantage of the new Opportunity Zone Program, according to a national study released Thursday morning.
The LOCUS National Opportunity Zone Ranking Report ranked a census tract in downtown Newark in…
In the News> Executive Order on Establishing the White House Opportunity and Revitalization Council
On December 12, 2018, President Donald J. Trump issued an Executive Order establishing the White House Opportunity and Revitalization Council.
Start Raising Capital or Wait for Additional Guidance?
Enough time has passed since the IRS issued its first substantive round of draft regulations and guidance on the federal Opportunity Zone program for certain Qualified Opportunity Fund (“QOF”) managers to begin their capital raise. Some Funds are still working through structuring concepts and documentation, while many others remain on the sidelines in light of…
In the News> Opportunity Zones: Giving Low-Income Areas Opportunity Was Easy. Making Sure They Are Ready Is Bigger Challenge
By Ted Zangari
As seen on: ROI-NJ.com
By Tom Bergeron
The panelists at the Opportunity Zone program were a bit bombastic when it came time to describe the potential the program has in low-income areas.
“Too good to be true,” said one.
“We’ve never seen anything like this,” said another.
Ted Zangari, head of the Real Estate…
Opportunity Zone Guidance Released with Some Answers and Some Outstanding Questions
On October 19, 2018 the Internal Revenue Service (“IRS”) unveiled its long-awaited guidance on the Opportunity Zone program. The IRS released proposed regulations which have a 60-day notice and comment period before being finalized. Although the regulations may not be finalized, they can be relied on by investors and Fund managers. The IRS also released…
In the News> NJ Governor May Join Rutgers Panel to Discuss Opportunity Zones Monday
By Ted Zangari
In an exclusive audio interview, Newark real estate attorney Ted Zangari says investors need to start identifying appreciated assets quickly so that they can engage in Opportunity Zone transactions before the end of 2019 to gain the maximum tax advantages.
As seen on: GlobeSt.com
By: Steve Lubetkin
With Developers waiting to learn about tax treatment of…