Opportunity Zones Law
Low-Income Rural and Urban
Qualified Opportunity Funds
Qualified Opportunity Zone Property
Qualified Opportunity Zone Businesses
Investment in Distressed Communities
Fund Formation and Structuring
Joint Ventures and Related Party
Tax Compliance and Investment Strategy
Development and Financing
Opportunity Zone Start-up Businesses
Pearlman & Miranda has studied the new Opportunity Zones program, enacted as part of the 2017 federal Tax Cuts and Jobs Act, since its inception and have the understanding to help municipalities, investors, fund managers and Opportunity Zone Businesses realize the full benefits of such program.
Our attorneys have the knowledge to help you and your company get the maximum value out of Opportunity Zones benefits, which are to drive long-term capital investments into low-income rural and urban communities designated by each of the 50 states as well as U.S. territories. Governor Murphy nominated 169 census tracts on March 20, 2018 for the state of New Jersey alone, all which were approved by the U.S. Department of the Treasury on April 9, 2018, providing ample areas for development opportunities throughout the State.
We provide valuable counsel in putting together all the pieces of the Opportunity Zones puzzle and ensure that our clients are complying with the rules regarding this new program, as such rules evolve. Our team can help decipher terms such as Qualified Opportunity Fund, Qualified Opportunity Zone Property and Qualified Opportunity Zone Business, so that our clients can fully focus on making the most of their investments and realize the full range of related tax incentives and economic benefits. For Opportunity Zone Businesses, we can help you structure a business in an Opportunity Zone that can qualify for an Opportunity Zone investment. Additionally, this federal program provides opportunities for private investors to support investments in distressed communities through participation in Qualified Opportunity Funds, which we can assist in helping you obtain.
We believe that Opportunity Zones can be combined with other incentives for investment in distressed communities, such as the New Markets Tax Credit (NMTC), Low-Income Housing Tax Credit (LIHTC) and historic rehabilitation tax credit, programs with which our attorneys have extensive experience and familiarity. Pearlman & Miranda attorneys can guide municipalities, investors, fund managers and the owners of Opportunity Zone Businesses in organizing investments that meet the requirements for various incentives.
Our team expects to work with clients on all aspects of business strategy, including, but not limited to:
- Fund Formation and Structuring;
- Joint Ventures and Related Party Transactions;
- Tax Compliance and Investment Strategy;
- Development and Financing; and
- Opportunity Zone Start-up Businesses.
We stand ready to advocate for clients to ensure guidance that embodies the intent of Congress, the State of New Jersey and encourages investment in underserved communities, including the full range of incentives for investors, fund managers and Opportunity Zone Businesses that support such investments.