April 22, 2019

This webinar was previously recorded on April 22, 2019. To view a recording of this webinar, please click here.

Polsinelli Commentary on the Second Round of Opportunity Zone Regulations 
Monday, April 22, 2019

In this webinar, Polsinelli attorneys address the long-awaited second round of Proposed Regulations issued April 17, 2019. These regulations clarified some key issues in connection with investing in and forming Qualified Opportunity Funds (“QOF”) and the OZ Fund’s investments in Qualified Opportunity Zone Businesses (“QOZB”). Many of the topics covered in the first set of Proposed Regulations were expected and are quite favorable to investors. However, the second set of Proposed Regulations also contained some unwelcome surprises. These additional Regulations are only proposed, and are therefore subject to further revisions based on comments received by Treasury. Taxpayers can rely on many of these proposed rules, provided that the taxpayer applies the rule in its entirety and in a consistent manner.