Demystifying Opportunity Zones, Part I

For the first time in his 40-year legal career John Ransom, has been getting cold calls from people with technical tax questions. Specifically, they're asking about Opportunity Zones, a program created in the 2017 tax overhaul to spur economic development in low-income neighborhoods while offering investors potentially large tax breaks. John Ransom, a partner and tax specialist with the Jackson Walker law firm, joins Nancy and Rebecca to talk about how Opportunity Zones could boost real estate values and improve struggling neighborhoods. Though there may be unexpected consequences, as well. Support the show: https://offers.houstonchronicle.com/?offerid=125&origin=newsroom&ipid=podcast See omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit megaphone.fm/adchoices