Government,
Real Estate/Development
Jan. 31, 2019
Shutdown stalled opportunity zone momentum
In addition to costing the U.S. economy $11 billion, the month-long government shutdown stalled the current darling of the commercial real estate community.
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
In addition to costing the U.S. economy $11 billion, the month-long government shutdown stalled the current darling of the commercial real estate community.
Investors and developers are eager to take advantage of the new tax incentives allowed by investing in designated opportunity zones and many were waiting to hear the comments at an important IRS hearing, set for earlier this month, which was to address opportunity zone's tax brea...
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