Confidential Client | Project feasibility evaluation in progress; involves redevelopment (regeneration) of now demolished facilities. Project site in the greater......
StoneCreek Partners acts as Opportunity Zone Consultants for projects and businesses that can be acquired or developed pursuant to the Tax Cuts and Jobs Act of 2017. Our work includes the preparation of project feasibility analysis and assistance with due diligence underwriting of specific investment opportunities.
The Federal Tax Cuts and Jobs Act (“TCJA”) created qualified “opportunity zones” in December 2017 to encourage tax-favored investment in distressed communities throughout the U.S. Under the new law, investors may be able to defer tax on almost all capital gains they invest after Dec. 31, for years ending 2018 through 2026.
Since the law’s passage, the Treasury Dept. has published further guidance as to how Opportunity Zone tax-advantaged projects may proceed, and this guidance is likely to continue to evolve. Currently, there are four primary requirements for a real estate development or acquired business, to achieve the status of “Qualified Opportunity Zone Business Property” (herein, “Qualified Projects”). These requirements are listed below.