Bi-Partisan Legislation Introduced to Extend OZ Investment Period to 2028
IM Report Debbie A. Klis · February 21, 2021
House of Representatives Propose Legislation to Extend the Opportunity Zone Tax Deferral for Two Additional years. The Opportunity Zones Extension Act would extend the capital gains tax deferral date to permit the deferral of capital gains until the end of 2028. This Bi-Partisan legislation is intended to attract additional private sector investment in underserved communities.
Rimon Law has an active Qualified Opportunity Zone team with expertise in real estate and venture capital investment through Qualified Opportunity Funds to assist with all aspects of investment and will update this Investment Management blog with additional developments.