Qualified Opportunity Zones Update

The U.S. Treasury released the much-anticipated final regulations addressing the Qualified Opportunity Zone (QOZ) program on December 19, 2019. Members of Ballard Spahr’s Qualified Opportunity Zone team will share an overview of the QOZ program and take a deeper dive into how the final regulations will impact investments in real estate and operating businesses in QOZs.

The Tax Cuts and Jobs Act of 2017 created this new program to encourage capital investment and economic development in more than 8,700 QOZs selected by each of the states, the District of Columbia and the U.S. possessions. This exciting, evolving program has the potential to provide investors with deferral of tax on gains rolled over into Qualified Opportunity Funds (QOFs) and to eliminate tax on the appreciation on an investment in a QOF.

Join our QOZ team to learn what’s new and what’s not in the QOZ program’s final regulations and get answers to your questions on:

• Section 1231 Gain
• Structuring QOF Investments
• Satisfying the 50% Gross Income Test
• The Working Capital Safe Harbor Rules
• Transactions Triggering Recognition of Deferred Capital Gains
• Reinvestment of Sale Proceeds by an Opportunity Fund
• Triple Net Lease Investment

This event will be of particular interest to QOF sponsors and investors, real estate developers, family offices, businesses within QOZs, state and local development authorities, and lenders seeking additional perspective on this source of equity.

Speakers

Molly R. Bryson, Partner
Wendi L. Kotzen, Partner
April Hamlin, Partner
Christopher A. Jones, Of Counsel

This program is approved for 2.0 CLE Credits - PA, NY, & CA; 2.4 Credits - NJ. Uniform Certificates of Attendance will be provided for the purpose of seeking credit in other jurisdictions.

For more information, contact Kristin Thorkelson at thorkelsonk@ballardspahr.com.