Seven Things to Consider Regarding “Sunshine Laws”
Considering a headquarters relocation or the construction of a new facility? As you navigate seeking incentives for your projects, it is important to keep in mind that many of the public entities that you will be negotiating with are subject to various “sunshine laws” that could lead to public disclosure of your project before you are ready to have the information become public. Click here to read more.
Qualified Opportunity Zones: Proposed Regulations Provide Investors with Guidance on Several Important Questions The federal Qualified Opportunity Zone (QOZ) program, enacted as part of overall tax reform at the end of 2017, has generated much interest among potential investors, project developers and others since its enactment. This program provides investors in low-income communities designated as QOZs, with the ability to defer and potentially eliminate capital gains. Congress left many details of the QOZ program to be addressed by the U.S. Treasury Department through regulations and other guidance. As a result, utilization of this program has been largely on hold as taxpayers have waited for Treasury guidance. Click here to read more.
Proposed Legislation in Ohio to Create Tax Credit for Opportunity Zone Investments On August 29, 2018, House Speaker Pro Tempore Kirk Schuring introduced a bill (H.B. No. 727) to create a tax credit for investments in Qualified Opportunity Zones. If enacted, taxpayers investing at least $250,000 during a taxable year in an Ohio Qualified Opportunity Fund will earn a nonrefundable tax credit equal to 10% of the investment. Click here to read more.
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Contacts
William D.G. Baldwin 513.723.4030 wdbaldwin@vorys.com
 Aaron S. Berke 330.208.1017 asberke@vorys.com
 Kelly B. Bissinger 202.467.8844 kbbissinger@vorys.com
 Bryan H. Falk 216.479.6124 bhfalk@vorys.com
 Nicholas R. House 216.479.6122 nrhouse@vorys.com
 Christopher J. Knezevic 614.464.5627 cjknezevic@vorys.com
 Joseph B. Mann 614.464.6313 jbmann@vorys.com
 Jacinto A. Núñez 330.208.1046 janunez@vorys.com
 J. Theodore Smith 614.464.6232 jtsmith@vorys.com
 Lindsay Doss Spillman 216.479.6199 ldspillman@vorys.com
 Jonathan K. Stock 614.464.5647 jkstock@vorys.com
 Jill S. Tangeman 614.464.5608 jstangeman@vorys.com
 Kristin L. Woeste 513.723.4684 klwoeste@vorys.com
 Scott J. Ziance 614.464.8287 sjziance@vorys.com

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