Opportunity Zone Order May Not Attract Private Investment
Law360 (September 29, 2020, 4:43 PM EDT) -- President Donald Trump's executive order directing the government to prioritize opportunity zones when building and leasing properties shows a desire to attract investment in the areas but may do little to lure private capital on its own.
In August, Trump issued an executive order directing the General Services Administration to prioritize opportunity zones when selecting, acquiring, managing and disposing of federal facilities. The opportunity zone program, established by the 2017 Tax Cuts and Jobs Act, offers tax incentives for investors who put capital gains into lower-income communities and is designed to help spur economic development in those areas.
However, directing government funds into these communities...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!