Ice Miller Opportunity Zone Podcast
by Ice Miller LLP
Created by the Tax Cuts and Jobs Act of 2017 to spur private investment in small businesses and in commercial and housing projects in low-income areas, the Opportunity Zone Initiative drives private investment to urban and rural low-income communitiesInvestorsThose willing to invest capital gains in areas designated as "Qualified Opportunity Zones" are potentially eligible for preferential tax treatment. Under the current law, this tax benefit has lapsed for investing in an Qualified Opportunity Fund going forward. However, taxpayers who held their investments in a Fund at least five years prior to December 31, 2026, will have their basis increased by 10 percent of the original gain invested in the Fund. For investments held for at least seven years, the taxpayer’s basis is increased by an additional five percent of the original gain. As suggested above, to take advantage of this specific benefit, the investment had to be made by December 31, 2021. Additionally, if investors hold the
Episodes
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Understanding IRS Guidance for Opportunity Zones
Matt Ehinger, Ice Miller partner, and special guest Chad Halstead, a partner at Katz, Sapper & Miller, discuss existing guidance from the IRS regarding Opportunity Zones and explore some unanswered questions and traps for the unwary with respect to Opportunity Zone investments and projects. Built...
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Bridging the Gap Between Public and Private Sector
Stephanie Copeland, CEO of the Governance Project and managing partner of Four Points Funding, joins Jay Augustyn, Ice Miller partner, to discuss how the Opportunity Zone Initiative is revolutionizing the relationship between the public and private sector. Built on a foundation of legal service...
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A Fund Manager's Perspective to Opportunity Zone Ownership Structures and Investment
Matt Ehinger speaks with special guest Elliot Newman, managing director of Capital Gains Opportunity Fund. Elliot offers an overview of the different types of Opportunity Zone funds as well as a fund manager's perspective on dealing with developers and attracting investors. Built on a foundation…
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Fund Formation, Capital Raising and Documentation
Matt Ehinger and Tim Capen discuss federal and state security compliance, single purpose vs. multi-asset funds and how Qualified Opportunity Zone Funds differ from traditional funds. What should one consider before creating a Qualified Opportunity Zone Fund? Built on a foundation of legal service...
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Current Regulatory Framework for OZ Investment
Jay Augustyn and Matt Ehinger answer some of the most frequently-asked questions from clients. They explain the difference between passive and active investments and discuss how to make an exit from a single-asset fund compared to a multi-asset fund. Built on a foundation of legal service more…
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Opportunity Zone Basics: An Overview
Matt Ehinger and Josh Schlake discuss opportunity zone basics and delve deeper into what Opportunity Zones are, how to invest in them and three major benefits investors can reap. Matt and Josh also discuss requirements for opportunity zone funds, the businesses in which they can invest and the...
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Lessons Learned in Structuring and Executing Opportunity Zone Transactions
Jay Augustyn and special guest Steve Glickman, founder and CEO or Develop LLC, evaluate early returns on the Opportunity Zone Initiative, discuss the importance of data reporting and make predictions on what the program will look like in the near future. Built on a foundation of legal service…
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About this show
Created by the Tax Cuts and Jobs Act of 2017 to spur private investment in small businesses and in commercial and housing projects in low-income areas, the Opportunity Zone Initiative drives private investment to urban and rural low-income communitiesInvestorsThose willing to invest capital gains in areas designated as "Qualified Opportunity Zones" are potentially eligible for preferential tax treatment. Under the current law, this tax benefit has lapsed for investing in an Qualified Opportunity Fund going forward. However, taxpayers who held their investments in a Fund at least five years prior to December 31, 2026, will have their basis increased by 10 percent of the original gain invested in the Fund. For investments held for at least seven years, the taxpayer’s basis is increased by an additional five percent of the original gain. As suggested above, to take advantage of this specific benefit, the investment had to be made by December 31, 2021. Additionally, if investors hold the
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