Matthew J. Schiller, a partner in the firm’s Real Estate and Redevelopment & Land Use Departments, will present a live webinar on “Opportunity Zones – Quite Possibly the Hottest Tax Issues in 2019” on Wednesday, March 27, 2019 from 12:00pm – 1:40pm (ET). The program is being presented by the New Jersey Institute for Continuing Legal Education.
The Opportunity Zones program under the 2017 Tax Cuts and Jobs Act has the potential to offer significant tax advantages to taxpayers with capital gains exposure - while simultaneously encouraging development within some of the country’s most struggling communities. The program is designed to help bring long-term capital to rural and low income urban communities throughout the country, and uses tax incentives to encourage private investment in impact funds. Areas qualify as Opportunity Zones if they have been nominated for that designation by the state, and if that nomination has been certified by the Secretary of the U.S. Treasury via his delegation of authority to the Internal Revenue Service.
This webinar will provide attendees with a practical, working understanding of the Opportunity Zone program, its tax advantages, and (most importantly) how it can be used in real estate transactions to help foster development at qualified properties throughout the state. Topics for discussion include:
- A complete overview of the Opportunity Zones program, including benefits and risks to avoid
- How to navigate Opportunity Zones, and how they can be used in real estate transactions
- State actions that may be undertaken to help maximize investment
- How to (where possible) apply the benefits of this important new tax zone to client projects
- The status of Corresponding IRS rules and regulations
- How to help foster development at qualified properties throughout the state
Mr. Schiller concentrates his practice in commercial real estate law. His work encompasses a wide array of commercial real estate transactional, zoning, redevelopment, taxation and litigation matters throughout New Jersey, New York and Connecticut.
Additional conference information and registration details at: Opportunity Zones – Quite Possibly the Hottest Tax Issues in 2019