In The (Opportunity) Zone: Final OZ Regulations Provide Needed Clarity

4:00 - 6:00 pm
Sullivan Conference Center, Boston, MA
February 5, 2020

The long-anticipated Final Regulations under Code Section 1400Z–2 (the “OZ Act”), were issued on December 19, 2019, and the great news is that these regulations are far more flexible, pragmatic and useful than the two earlier sets of proposed regulations. In fact, the Treasury did an outstanding job of getting everything (or almost everything) right this time around. In the Final Regulations the IRS kept and improved on the best parts of the proposed regulations, while correcting most – though not all –  of the obvious problem areas.

A fair conclusion is that the OZ Act is now where it needs to be: it has gone from an intriguing idea with tantalizing tax incentives but often paralyzing uncertainty, to a fully functional tax-incentive regime that seems ready to achieve its ambitious public policy objectives.

This seminar will review the Final Regulations from a functional and pragmatic standpoint, looking both at high-level policy issues and specific implementation details, including the following:

Please come join us for a fascinating and sophisticated discussion of what is arguably the largest and most important tax incentive program in the Internal Revenue Code. Our distinguished panel will provide their experiences and insights in implementing QOFs and QOZBs to date, and the ways in which the Final Regulations will make the process easier, faster and more certain, thanks to clearer guidance and helpful safe harbors on a wide range of issues and topics.

The program will be followed by a networking reception. This seminar is complimentary and attendees will receive 2 hours of continuing education credit. A CPE Certificate will be available to attendees at the end of the event.

If you're interested in attending this event, please contact tblair@sullivanlaw.com.

Panelists:

Benjamin Armour, Sullivan & Worcester 
Joseph B. Darby III, Sullivan & Worcester
Jill Homan, President, Javelin 19 Investments
Steven Kennedy, Partner, PwC
Ryan McCormick, Senior Vice President & Counsel, The Real Estate Roundtable
Nicholas Ratti, CohnReznick

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