Doing Business in Florida Blog

High-Tech Start-Ups Get Relief From Latest Opportunity Zone Proposed Treasury Regulations

April 17, 2019
Mark Wisniewski  |  Opportunity Zone, Taxation

Qualified Opportunity Zones (“QOZs”) are low-income population census tracts situated in urban, suburban or rural areas that have been specifically designated as QOZs by the governors of the various states and U.S. territories in which such QOZs are situated, and certified as such by the U.S. Treasury.

Collaboration is Key to Successful Opportunity Zone Development in Florida

March 18, 2019
Sha`Ron James and Brian G. Rich  |  Government and Regulatory, Opportunity Zone

There is a tremendous amount of buzz around the state of Florida regarding Opportunity Zones.  No matter where you stand on the issue of the economic development zones created by President Trump’s Tax Cuts and Jobs Act of 2017, Opportunity Zones provide significant tax

Tax Breaks for Investment in Opportunity Zones – Proposed Treasury Regulations

October 29, 2018
Bryan S. Appel and Mark Wisniewski  |  Taxation, Opportunity Zone

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

Tax Aspects of Qualified Opportunity Zone Funds – A Prequel

August 28, 2018
Mark Wisniewski and Bryan S. Appel  |  Taxation, Opportunity Zone

The Tax Cuts and Jobs Act of 2017 (the “Act”), signed into law by President Trump on December 22, 2017, created a series of new tax incentives for taxpayers willing to make long-term investments in certain qualified low-income population census tracts designated by the Governors of each State and certified by the U.S. Treasury as “qualified opportunity