Tax,
Government
May 15, 2018
Economic tool under new tax law could spur new development
With a goal of fueling long-term private sector investment in low-income urban and rural communities, the Tax Cuts and Jobs Act includes a provision creating "opportunity zones."
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
A new economic tool designed to spur development and bolster job growth has just been announced by the U.S. Treasury Department. With a goal of fueling long-term private sector investment in low-income urban and rural communities, the Tax Cuts and Jobs Act includes a provision creating "opportunity zones."
Earlier this month, the Treasury Department and the IRS announced the designation of opportunity zones in 18 states, including Ca...
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