Ohio Opportunity Zone Tax Credit Signed into Law

On July 18, 2019, Ohio Governor Mike DeWine’s operating budget was signed into law, including a 10 percent nonrefundable income tax credit to those who invest in the state’s Opportunity Zones. The income tax credit is equal to 10 percent of capital gains reinvested, up to $1 million, into Qualified

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Proposed Opportunity Zone Rules: Round II, Part I

Part I: Much needed Guidance for Start-Ups and Operating Businesses The IRS and Treasury issued a second round of proposed rules on April 17, 2019. The second round of Qualified Opportunity Zone (QOZ) guidance includes a total of 169 pages covering topics ranging from additional definitions of the commonly used

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Opportunity Zones: The Sleeper Hit of Tax Reform

Opportunity Zones have the potential to be one of the biggest tax incentives ever.  However, we’ve found that not a lot of people are aware that they exist or how to take advantage of them.  Before we get into a discussion about Opportunity Zones and the related tax benefits, ask

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