United States tax law

GRASS™ Opportunity Zone Fund Acquires Tiger Field in Nevada, Expands Investment in Aviation

Retrieved on: 
Tuesday, June 29, 2021
Commercial Building & Real Estate, Technology, Construction & Property, Professional services, Other Transport, Air, Transport, Other Technology, Hardware, Other Construction & Property, Finance, Opportunity zone, Presidency of Donald Trump, United States tax law, Tee hangar

Growth Resources, Assets, Safety, & Stability (GRASS) a qualified opportunity zone fund focused on applying cutting-edge technology to complex compliance processes, is pleased to announce the acquisition of Tiger Field airport in Lyon County, Nevada.

Key Points: 
  • Growth Resources, Assets, Safety, & Stability (GRASS) a qualified opportunity zone fund focused on applying cutting-edge technology to complex compliance processes, is pleased to announce the acquisition of Tiger Field airport in Lyon County, Nevada.
  • Other aviation investments in the fund focus on innovators in government and the private sector who are replicating and scaling aviation businesses in current and additional Opportunity Zones including SAMSARG, Inc. and General Aviation (GA) Hangars.
  • GA Hangers offers new construction of advanced aircraft hangars adjacent to SAMSARG military (Department of Defense compliant) facilities within the Opportunity Zone.
  • GRASS is a diversified high-growth opportunity zone fund focused on aviation and compliance-SaaS.

GRASS™ Opportunity Zone Fund Now Open to Investors of All Levels Offers Many Tax Benefits

Retrieved on: 
Tuesday, June 15, 2021
Technology, Finance, Venture capital, Public relations, Investor relations, Air, Transport, Banking, Communications, Professional services, Software, Tax, Taxation in the United States, Opportunity zone, Presidency of Donald Trump, United States tax law, Internal Revenue Service

While most Opportunity Zone and other tax-deferred investments are reserved for the very wealthy, GRASS is open to investors of all income and experience levels, and is the first-to-market RegA+ opportunity zone fund.

Key Points: 
  • While most Opportunity Zone and other tax-deferred investments are reserved for the very wealthy, GRASS is open to investors of all income and experience levels, and is the first-to-market RegA+ opportunity zone fund.
  • GRASS offers major tax benefits to investors of all levels because it is both a Qualified Opportunity Zone Fund (QOZF) as well as an IRS designated Qualified Small Business Stock (QSBS).
  • GA Hangers offers new construction of advanced aircraft hangars adjacent to SAMSARG military (Department of Defense compliant) facilities within the Opportunity Zone.
  • GRASS is a diversified high-growth opportunity zone fund focused on aviation and compliance-SaaS.

Redivider Blockchain Launches Opportunity Zone Fund To Service Growing US Digital Asset Mining Industry

Retrieved on: 
Thursday, June 10, 2021
Economy, Money, Finance, Cryptocurrencies, Decentralization, Opportunity zone, Presidency of Donald Trump, United States tax law, Investment funds, Capital gains tax, Redivider, Blockchain

SAN JOSE, Calif., June 10, 2021 /PRNewswire-PRWeb/ --Introducing the Redivider Blockchain Opportunity Zone Fund ("Redivider").

Key Points: 
  • SAN JOSE, Calif., June 10, 2021 /PRNewswire-PRWeb/ --Introducing the Redivider Blockchain Opportunity Zone Fund ("Redivider").
  • Under the federal Opportunity Zone Program an investor can defer capital gains tax on realized gains if the gains are invested in a Qualified Opportunity Fund within 180 days of the sale.
  • With the recent political narratives and pending changes to capital gains taxation rules, the Redivider Blockchain Opportunity Zone Fund can offer several key benefits:
    1.
  • We firmly believe digital currencies and blockchains are the future and the Opportunity Zone program offers equally desirable benefits for our investors.

Median Prices Increase Annually During First Quarter Of 2021 In 75 Percent Of Opportunity Zones

Retrieved on: 
Thursday, May 20, 2021
Opportunity zone, Presidency of Donald Trump, United States tax law

Those percentages roughly tracked trends in areas of the U.S. outside of Opportunity Zones, continuing patterns from the fourth quarter of last year.\nPrices in Opportunity Zones continued to lag far behind the national average in the first quarter of 2021.

Key Points: 
  • Those percentages roughly tracked trends in areas of the U.S. outside of Opportunity Zones, continuing patterns from the fourth quarter of last year.\nPrices in Opportunity Zones continued to lag far behind the national average in the first quarter of 2021.
  • About 43 percent of zones with enough data still had median prices of less than $150,000.
  • ATTOM Data Solutions compared median home prices in census tracts designated as Opportunity Zones by the Internal Revenue Service.
  • Except where noted, tracts were used for the analysis if they had at least five sales in the first quarter of 2021.

Bit Capital Group Launches Bit Capital Opportunity Zone Fund, LLC Seeking Accredited Investors for their Investment into Renewables Blockchain Mining Businesses

Retrieved on: 
Wednesday, March 31, 2021
Opportunity zone, Presidency of Donald Trump, United States tax law, Cloud computing, Zone, Wenatchee, Washington

EAST WENATCHEE, Wash., March 31, 2021 /PRNewswire-PRWeb/ -- Introducing Bit Capital Opportunity Zone Fund , the First Cloud Computing Opportunity Zone Fund.

Key Points: 
  • EAST WENATCHEE, Wash., March 31, 2021 /PRNewswire-PRWeb/ -- Introducing Bit Capital Opportunity Zone Fund , the First Cloud Computing Opportunity Zone Fund.
  • Additionally, Magic Mining will be looking to support in excess of a hundred new jobs within its opportunity zone.
  • Utilizing opportunity zones allows Bit Capital Opportunity Fund to create a new wave of digital transformationalists in opportunity zone communities that need them the most."
  • Interests in the Bit Capital Opportunity Fund may be offered only by means of such written private placement memorandum.

Home Price Increases In Opportunity Zone Redevelopment Areas Keeping Pace With Nationwide Gains

Retrieved on: 
Thursday, February 18, 2021
Geography of the United States, Opportunity zone, Presidency of Donald Trump, United States tax law, Tax, United States, Massachusetts

Those percentages were roughly the same as in areas of the U.S. outside of Opportunity Zones.

Key Points: 
  • Those percentages were roughly the same as in areas of the U.S. outside of Opportunity Zones.
  • The pandemic's impact generally has hit hardest in lower-income communities that comprise most of the zones targeted for tax breaks designed to spur economic redevelopment.
  • Housing markets inside Opportunity Zones continued to benefit from the nation's nine-year price boom.
  • The ATTOM Data Solutions Opportunity Zones analysis is based on home sales price data derived from recorded sales deeds.

Novogradac Opportunity Funds Report Shows More than $15 Billion in Investment

Retrieved on: 
Wednesday, February 3, 2021
Opportunity zone, Presidency of Donald Trump, United States tax law

The Novogradac Opportunity Zones Investment Report: Data Through Dec. 31, 2020 reports $15.16 billion in equity raised by QOFs for which Novogradac has information.

Key Points: 
  • The Novogradac Opportunity Zones Investment Report: Data Through Dec. 31, 2020 reports $15.16 billion in equity raised by QOFs for which Novogradac has information.
  • Novogradac began tracking opportunity zones (OZ) investment in May 2019 and the number of QOFs tracked and reported equity raised has increased steadily.
  • "The continuing growth of investment in 2020 in opportunity funds amidst the COVID-19 pandemic is particularly good news as businesses and residents in opportunity zones struggle to recover from the pandemic induced economic recession," said Michael J. Novogradac, CPA and managing partner of Novogradac.
  • Novogradac maintains the Opportunity Funds List and also publishes the Opportunity Zones Handbook , the Introduction to Opportunity Zones booklet, the monthly Novogradac Journal of Tax Credits and the weekly Tax Credit Tuesday podcast.

Mazars Opens Boston Office

Retrieved on: 
Thursday, January 21, 2021
Mazars, Donald Trump, United States tax law, Service companies, Service industries, Geography of Massachusetts, Trump v. Mazars USA, LLP

NEW YORK, Jan. 21, 2021 /PRNewswire/ -- In a significant announcement, Mazars, a leading accounting, tax, and consulting firm in the US, reported the opening of a new office in Boston.

Key Points: 
  • NEW YORK, Jan. 21, 2021 /PRNewswire/ -- In a significant announcement, Mazars, a leading accounting, tax, and consulting firm in the US, reported the opening of a new office in Boston.
  • It also helps us attract in high-quality talent and resources in Boston.
  • The Boston office is located at 75 State Street, Boston, MA 02109.
  • Mazars USA LLP is an independent member firm of Mazars Group, an international audit, tax and advisory organization with operations in over 90 countries.

Leading Minority-Led Fund Manager Launches $1 billion 'Black Impact Fund' to Invest in Black and Brown Communities

Retrieved on: 
Wednesday, December 2, 2020
Opportunity zone, Presidency of Donald Trump, United States tax law, Economy, Finance, Money

LOS ANGELES, Dec. 2, 2020 /PRNewswire/ -- SoLa Impact, a leading urban real estate fund, announced the launch of its $1 billion 'Black Impact Fund,' which will invest exclusively in Black and Brown communities in major urban markets.

Key Points: 
  • LOS ANGELES, Dec. 2, 2020 /PRNewswire/ -- SoLa Impact, a leading urban real estate fund, announced the launch of its $1 billion 'Black Impact Fund,' which will invest exclusively in Black and Brown communities in major urban markets.
  • SoLa Impact was recognized earlier this year as the nation's Top Urban Opportunity Zone Fund by Forbes Magazine and Sorenson Impact.
  • Thirteen percent of all asset appreciation and fees earned will go toward funding an affiliated, not-for-profit The Black Impact Community Fund.
  • The Black Impact Fund combines a unique structure of an Opportunity Zone fund investing alongside a non-Opportunity Zone fund and a non-profit, Black Impact Community Fund, designed to ensure community members participate in the gains created.

Augusta Fermentation Qualified Opportunity Fund (QOF) Announces First Investment into the Manus Bio Qualified Opportunity Zone Business (QOZB).

Retrieved on: 
Monday, November 23, 2020
Opportunity zone, Presidency of Donald Trump, United States tax law, Qof, Manus, Augusta, Georgia

Jeff Anderson, COO of Manus Bio said, This investment will support Manus growth and expansion in Augusta, providing direct benefits to the local economy.

Key Points: 
  • Jeff Anderson, COO of Manus Bio said, This investment will support Manus growth and expansion in Augusta, providing direct benefits to the local economy.
  • Manus Bio acquired the former NutraSweet plant in 2018 which is located in a Qualified Opportunity Zone.
  • About Augusta Fermentation Opportunity Zone Fund I, LP (QOF)
    The QOF offers exposure to Manus Bios vertically-integrated ingredients manufacturing platform through a Qualified Opportunity Zone Business.
  • Please consult a tax specialist to better understand how Opportunity Zone tax benefits may apply to your particular situation.