By now you have probably seen that the Internal Revenue Service (the “IRS”) and the Treasury Department issued proposed regulations and Revenue Ruling 2018-29 on October 19, 2018, clarifying some of the big questions looming...more
11/8/2018
/ Capital Gains ,
Community Development ,
Economic Development ,
Investment Funds ,
IRS ,
Opportunity Zones ,
Proposed Regulation ,
Qualified Opportunity Funds ,
Real Estate Development ,
Real Estate Investments ,
Tax Cuts and Jobs Act ,
Tax Deferral
On March 21, 2018, Governor Ivey announced Alabama’s Opportunity Zones by submitting eligible census tracts to the U.S. Treasury Department for certification. Alabama has created 158 Opportunity Zones using the maximum number...more