Treasury this month released new guidelines to help OZ investors and funds by extending deadlines and amending requirements.
About Marc Schultz
Marc Schultz's practice is concentrated in federal, local and state taxation matters. Schultz chairs Snell & Wilmer’s Tax Credit Finance Group and Renewable Energy Group, and founded and co-chairs the firm’s Opportunity Zones and Funds Industry Group. He is a regular speaker and panelist on the subject of tax credit finance and the Opportunity Zone incentive, has written numerous articles and been quoted in various publications with respect to these subject areas. Schultz is currently representing investors, fund sponsors, and developers with respect to the Opportunity Zone program. He was involved in the advising and drafting of a number of comment letters submitted to the U.S. Department of the Treasury and the IRS regarding the Opportunity Zone proposed regulations.Company
Snell & Wilmer
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400 E Van Buren St #1900 , Phoenix
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Answers to Opportunity Zones
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OZ Verified
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- Active BAR member in good standing
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Articles
- February 24, 2021
Why the Opportunity Zone (OZ) incentive can be used as a powerful recovery tool and be combined with most other federal, state and local incentives.
- November 11, 2019
What should be included in the due diligence checklist for a QOF when investing in a QOZB that will be acquiring, constructing, developing, and leasing a real estate project in an OZ?
- February 07, 2022
Why sponsors should consider negotiating with investors for an election to crystalize the sponsor’s promoted interest.
- March 27, 2020
As the world deals with the COVID-19 health crisis, federal income tax incentives for businesses will be necessary for the economic recovery efforts. One of the possible economic recovery tools is the Opportunity Zone Incentive. In fact, the OZ Incentive could be a critical financing tool for operating businesses with respect to these economic recovery efforts.
- June 09, 2020
In response to requests by the OZ industry professionals, Treasury and the IRS have released relief measures to the OZ incentive in the shape of postponing certain 2020 dates and extending timelines for meeting certain requirements.