View all content by Brad Carney, Esq. Brad Carney, Esq. is a partner at the firm of Maraziti Falcon, L.L.P., located in Short Hills, New Jersey, where he advises and represents public sector clients in the areas of qualified opportunity funds, redevelopment, resiliency, municipal, and construction law. Mr. Carney represents various municipalities in the negotiation[…]
12
Jun
Jun
On June 4, 2020, the Department of Treasury and IRS issued Notice 2020-39. This Notice modifies the deadlines contained in Notice 2020-23 as described in my May 21st article. The new Notice issued on June 4th provides additional extensions of time to investors of qualified opportunity funds (QOFs) in response to the COVID-19 pandemic. Specifically,[…]
21
May
May
Optimism remains high that the qualified opportunity zone program will assist in rebuilding distressed communities in opportunity zones post-pandemic given the increase of capital gain investment in qualified opportunity funds. Since the Secretary of the United States Department of Health and Human Services declared a public health emergency on January 31, 2020, under section 319[…]
30
Apr
Apr
New Opportunity Zone regulations will take effect in March—make sure you’re prepared to hit the ground running! Brad Carney, partner at the firm of Maraziti Falcon, L.L.P. and Redevelopment Institute Advisory Board member, and Michael Taylor, President of Vita Nuova LLC, will discuss the final regulations governing the treatment of qualified opportunity zone business properties.[…]
12
Feb
Feb
Final regulations governing Qualified Opportunity Funds were published in the Federal Register on January 13, 2020. They will become effective on March 13, 2020 and they address two rounds of public notice and comment. Among the new provisions is the inclusion of a brownfield as “original use” that commences with the qualified opportunity fund to[…]