Qualified Opportunity Zones and Energy Projects: Tax Incentives and Recent Developments
Eligibility Requirements, Formation, Self-Certification, Favorable Treatment of Returns on Investment
Note: CPE credit is not offered on this program
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will provide energy counsel with an understanding of Qualified Opportunity Zones (QOZs) and Qualified Opportunity Funds (QOFs) created under current law. The panel will discuss eligibility requirements, formation, and self-certification, as well as the tax benefits associated with investing in QOZs. The panel will also examine how QOFs can be used in energy projects and the interplay with other tax incentives.
Outline
- Qualified Opportunity Zones: defined
- Qualified Opportunity Funds: eligibility requirements, formation, self-certification
- Tax incentives to invest in Qualified Opportunity Funds/Zones
- Interplay of Qualified Opportunity Zone investments with renewable energy tax incentive programs
- Structuring considerations
Benefits
The panel will review these and other critical issues:
- What are QOZs, and how are they determined?
- How are QOFs approved, and what is the preferred entity structure?
- When must the reinvestment of gains be made, and how long must it be held to qualify for the tax benefits?
- How might QOFs be used in energy projects, and can they be used with other tax incentives?
- What is the status of Treasury regulations interpreting and clarifying essential aspects of the QOZ program?
Faculty
Joshua Morris, CPA
Manager
Novogradac & Company
Mr. Morris specializes in renewable energy tax credits, new markets tax credits, historic tax credits and the... | Read More
Mr. Morris specializes in renewable energy tax credits, new markets tax credits, historic tax credits and the opportunity zones incentive. He performs numerous services related to these industries, including financial statement and cost certification audits, tax preparation, general and compliance consulting, and forecasting services. Mr. Morris also works with numerous developers/sponsors, syndicators and investors by providing consulting and transaction advisory services. His consulting and transaction advisory skillset includes financial structuring and modeling expertise with integrated GAAP transactional and ongoing operation support for various tax credit industry participants. Mr. Morris earned a bachelor’s degree in accounting from Youngstown State University in Youngstown, Ohio. He is a licensed certified public accountant in Ohio.
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Michael I. Sanders
Partner
Blank Rome
Mr. Sanders focuses his practice in the area of taxation, particularly in matters affecting partnerships, limited... | Read More
Mr. Sanders focuses his practice in the area of taxation, particularly in matters affecting partnerships, limited liability companies, S-corporations, real estate, tax controversy, and estate planning, including trusts and estates. He also has a large practice in the area of exempt organizations involving healthcare and low-income housing, associations and joint ventures between for-profits and nonprofits, as well as structuring New Markets Tax Credit ("NMTC") and Historic Tax Credit ("HTC") transactions. He is the author of Joint Ventures Involving Tax-Exempt Organizations (3rd Ed., 2007; 4th Ed., 2013) which was recently cited by the majority opinion in the widely covered U.S. Supreme Court decision in Burwell v. Hobby Lobby Stores, Inc. He previously served as an attorney-advisor to the assistant secretary of tax policy at the Office of Tax Legislative Counsel.
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Daren R. Shaver
Partner
Hanson Bridgett
Mr. Shaver is a transactional tax attorney, helping clients achieve their objectives in a practical and tax-efficient... | Read More
Mr. Shaver is a transactional tax attorney, helping clients achieve their objectives in a practical and tax-efficient manner. He has experience with matters spanning areas such as fund formation, tax credits, real estate, venture capital, partnerships, and tax exempt entities--including federal and state income tax matters. Prior to joining the firm, Mr. Shaver was affiliated with several leading international and regional law firms.
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