Law360 (February 6, 2019, 9:01 PM EST) -- Private equity clients want to take advantage of the tax benefits tied to "opportunity zones," but the looming threat of another partial shutdown of the federal government has forced PE players and their attorneys to hit the brakes as they await further guidance from the U.S. Department of the Treasury.
Opportunity zones, which were put in place as part of last year’s tax legislation, promise investors preferential tax treatment when they invest capital gains into certain economically distressed areas in the U.S. The private equity industry was instantly interested in the idea, which allows investors to defer tax on capital gains...
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