Chair: Professor Diane Ring, Boston College, Newton, MA
Opportunity Zones – Two Years In.
The Tax Cuts and Jobs Act enacted in December 2017 included a new provision intended to direct investment into low-income communities through a combination of tax benefits for investors (deferral, partial reductions in gains, and exclusions of future appreciation). Though the enactment of such targeted tax incentives is not entirely new, the design of this provision has raised significant questions for investing taxpayers seeking to secure the tax benefits and for public policy advocates assessing whether the Opportunity Zone provisions achieve their stated goals. To explore all of these issues, this panel will discuss the design of the new incentive, who is making the investments, where, in what projects, how much is being invested, who is securing the benefits, and what will be the likely community impact. The panel also considers the current data reporting requirements and what/whether data should be made public to facilitate assessment of the program’s success in promoting economic growth in low-income areas.
Moderator: Professor Ellen Aprill, Loyola Law School, Los Angeles, CA
Panelists: Megan Christensen, Manatt Phelps & Phillips, LLP, Washington, DC; Professor Edward De Barbieri, Albany Law School, Albany, NY; Jeffrey Koonce, Bernhard Capital Partners Management, Baton Rouge, LA; Professor Michelle Layser, University of Illinois College of Law, Champaign, IL
Co-sponsored by: Exempt Organizations and Partnerships & LLCs