By Richard Rubin | Wall Street Journal
The Trump administration proposed guidelines Friday that will help investors use a new tax incentive that encourages development in low-income areas.
The Treasury Department designed the rules for the Opportunity Zone program to give businesses enough flexibility and certainty to start making major investments, said senior department officials.
The program, with bipartisan roots, was a small piece of last year’s tax law and has been attracting intense attention from real-estate developers and fund managers who have been soliciting investors and anxiously awaiting the rules.
Jordan Rose, President of Rose Law Group, whose firm has been working on Opportunity Zones says, “We have been waiting for this new information, so we are all modifying our weekend plans to be able to spend time reviewing!”
