Tuesday, March 5, 2019
Qualified Opportunity Zones: Tax and Securities Implications
- Time: 7:30 a.m. – 9:00 a.m.
- Location: Ryan, Swanson & Cleveland, 1201 Third Avenue, Suite 3400, Seattle, WA 98101
- CLE/CPE Credits 1.0
- Presenters: Mike Brown, Ryan, Swanson & Cleveland, PLLC & Mark Stern, Dan Terlep and Nick Parrish, Cresset Capital
What is an Opportunity Zone?
Recently added to the tax code by the Tax Cuts and Jobs Act in 2017, Opportunity Zones are a new community development program that provides a tax incentive for long-term investments in economically depressed communities. Today, there are over 8,500 Opportunity Zones across all US states and territories.
These forms of private market investments offer investors the ability to positively impact American communities struggling to attract capital to generate sustainable economic opportunity for their residents. For investors who have large unrealized capital gains, Qualified Opportunity Zones offer the opportunity to defer taxes on those gains and to generate future capital gains tax-free. This opportunity incentivizes development in low-income urban and rural communities nationwide, and supports impact investing initiatives