Lillian A. Plata, founding memberof Nee Plata Law, discusses opportunity zone regulations at the NewJersey Future Redevelopment Forum in New Brunswick, NJ (SteveLubetkin Photo/State Broadcast News)
NEW BRUNSWICK, NJ—Developers seeking to takeadvantage of the newly launched federal rules regarding OpportunityZones in economically disadvantaged census tracts need to be awareof special rules governing these investments that might not beimmediately obvious in the high-level descriptions of theOpportunity Zone program being widely circulated, say panelists atlast week's New Jersey Future Redevelopment Forumbreakout session on the topic.
Opportunity Zones provide a way for investors to defer taxes oncapital gains from other kinds of investments if those gains areinvested in real estate projects in those zones on a strictschedule, but some provisions of the law could cause complicationsfor different types of investors, the panelists say.
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