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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 QuestionsThe 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 InvestmentsOn 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. |
ContactsWilliam D.G. Baldwin  Karen H. Bauernschmidt Aaron S. Berke Kelly B. Bissinger Bryan H. Falk Nicholas R. House Christopher J. Knezevic Joseph B. Mann Jacinto A. Núñez J. Theodore Smith Lindsay Doss Spillman Jonathan K. Stock Jill S. Tangeman Kristin L. Woeste Scott J. Ziance |
This newsletter is for general information purposes and should not be regarded as legal advice. As always, please let us know if you want more information or have questions about how these developments apply to your situation. |