1. OPPORTUNITY ZONE LEGISLATION.
- Author
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RINIER, JAMES W. and CURATOLA, ANTHONY P.
- Subjects
- *
TAX cut laws , *REINVESTMENT , *INHERITANCE & transfer tax , *TAXPAYER compliance - Abstract
The article talks about Tax Cuts and Jobs Act offers incentives for taxpayers to reinvest capital in economically distressed communities. It lists the area where the investments can be made including empowerment zones, the District of Columbia Enterprise Zone, and the New Market Tax Credit (NMTC) Program. The article also discusses issues to consider before investing including type and level of risk is the taxpayer accepting, what firms are sponsoring, and estate tax consequences.
- Published
- 2018