Doing Business in Florida, "Tax Breaks for Investment in Opportunity Zones - Proposed Treasury Regulations"
October 30, 2018
Doing Business in Florida
On Friday, October 19, 2018, the Internal Revenue Service (the “IRS”) released the eagerly anticipated qualified opportunity zone (“O-Zones”) Proposed Treasury Regulations (the “Proposed Regulations”) relating to qualified opportunity funds (“O-Zone Funds”). O-Zone Funds are investment vehicles created by the Tax Cuts and Jobs Act that provide taxpayers, with eligible capital gains, an opportunity to make an election to (i) defer eligible capital gains to the extent reinvested into an O-Zone Fund, (ii) exclude […]