Published: April 17, 2019

The Treasury Department has just released the second round of proposed regulations on opportunity zones. This 169-page regulatory package addresses some of the questions raised after the first round of regulations, and may make it easier for operating businesses to qualify as eligible opportunity zone investments.

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Published: April 12, 2019

The OZ industry is experiencing some degree of frustration due to the delay in the updated proposed regulations being issued by the Treasury Department.  It is believed that the new draft proposed regulations have already been prepared and sent to OMB for comment and approval before being released.  We understand that OMB takes up to thirty (30) days to complete that process and may have already provided further comments to the Treasury Department in which case the process will continue until the proposed regulations are finalized.  Some professionals have indicated that the

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Published: March 13, 2019

Recent Proposed Regulations

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Published: February 25, 2019

The Opportunity Zone industry is getting substantial attention, as noted by the enclosed article published by the New York Times related to "Wall Street, Seeking big tax Breaks, Sets Sights on Distressed Main Streets."  Obviously, OZs are receiving mixed attention given the fact that a significant amount of OZ transactions will take place in regentrified areas that are highly desirable and not necessarily distressed. 

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Published: February 11, 2019

Saul Ewing Arnstein & Lehr LLP attorneys Ronald Fieldstone, Rohit Kapuria, Jay Rosen and Roger Bernstein attended the Opportunity Zone Expo Conference in Los Angeles on January 25, 2019.  Much to their surprise, the attendance was over 1,000 people, which may be a record from an OZ attendance standpoint.

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