Revised Opportunity Zones Offer Tribes New Tool To Spur Biz
Law360 (May 17, 2019, 8:19 PM EDT) -- The federal government's recently proposed regulations on opportunity zones provide much-needed guidance to help Native American tribes find ways to use the program to attract investment, but tribes' success will likely depend on how well they can parlay the zones with other sources of federal funding.
The U.S. Department of the Treasury's proposed regulations released in April tackled several key points of concern to tribes that should ease investment in Indian Country through opportunity zones, which were launched as part of the Tax Cuts and Jobs Act in December 2017 to let investors defer tax on capital gains that have been reinvested through the...
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