3 Lingering Opportunity Zone Questions Amid the Pandemic
John Gahan was quoted in the article, "3 Lingering Opportunity Zone Questions Amid the Pandemic," which was published by Law360 [sub. req.] on June 5, 2020.
One lingering issue with the Opportunity Zone legislation, John notes, is the question of where employees at opportunity zone projects work. As the law is written, at least half of employees' hours at an opportunity zone business need to occur within the opportunity zone, and that's still a big unknown given that so many employees are working from home amid the pandemic.
"If there is one [thing] missing in the relief, it is how to incorporate where people work," Gahan said. "Anything more probably needs to come from Congress."