Opportunity Zone Funds: A New Structure for Private Equity
In December 2017, the Tax Cuts and Jobs Act created a new type of investment vehicle, an opportunity zone fund (“OZ fund”), through which investors can defer or eliminate federal taxes for investments in certain “opportunity zones.” After a lengthy review process, the U.S. Treasury Department has designated 8,764 census tracts, with over 500 in New York State alone, as opportunity zones. The below Client Alert reviews the significant tax benefits that investors in OZ funds can obtain.
PDF of Client Alert: CLIENT ALERT: Opportunity Zone Funds: A New Structure for Private Equity
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