By way of background, the budget that the president submits to Congress contains estimates of federal government income and spending for the upcoming fiscal year and also recommends funding levels for the federal government....more
6/4/2021
/ Appropriations Bill ,
Biden Administration ,
Corporate Taxes ,
Federal Budget ,
Green Book ,
Internal Revenue Code (IRC) ,
IRS ,
OECD ,
Proposed Legislation ,
Tax Reform ,
U.S. Treasury
President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law on March 27, 2020. In addition to other stimulus provisions benefitting individuals and businesses in response to the...more
As a result of the coronavirus (COVID-19) pandemic, several legislative and regulatory measures have been promulgated in an effort to assist businesses during the economic downturn. Below is a summary of the most important...more
• The U.S. Department of the Treasury issued a second tranche of proposed regulations to implement and clarify the new Opportunity Zone Tax Incentive.
• These regulations expand previous guidance issued last October...more
5/10/2019
/ Comment Period ,
Holding Periods ,
IRS ,
New Guidance ,
New Rules ,
Opportunity Zones ,
Original Use ,
Proposed Regulation ,
Qualified Opportunity Funds ,
Reporting Requirements ,
Safe Harbors ,
Tax Cuts and Jobs Act
• Holland & Knight previously published a three-part series describing the powerful new tax incentive contained in the Tax Cuts and Jobs Act for investments in low-income communities designated as "Opportunity Zones."
•...more
10/23/2018
/ Capital Gains ,
Economic Development ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Investors ,
IRS ,
Low-Income Issues ,
New Guidance ,
Opportunity Zones ,
State and Local Government ,
Tax Cuts and Jobs Act ,
Tax Incentives ,
Tax Reform ,
Tribal Governments ,
U.S. Treasury