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

A live 90-minute premium CLE webinar with interactive Q&A


Thursday, October 15, 2020

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

or call 1-800-926-7926

This CLE webinar 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.

Description

Tax reform created one of the country's most significant economic development programs that encourages private investment in Qualified Opportunity Zones. Qualified Opportunity Funds offer favorable treatment of returns on the investment, including deferral, reduction, or possible elimination of gains tax on the appreciation of the fund interest.

Individual states designated communities as QOZa, which have been approved by the Treasury Department and the Internal Revenue Service. Certain energy projects, including renewables, mineral extraction, and oil and gas, are particularly well suited for QOFs.

To leverage the tax benefits of the program, a taxpayer must reinvest gain proceeds in a QOF within 180 days from the date of the sale or exchange of a capital asset. A QOF must hold at least 90 percent of the fund's holdings in QOZ property.

Counsel to companies and others in the energy industry must understand the structuring requirements to qualify for--and preserve--these tax benefits through the life of an investment and the interplay with other tax incentives available for energy projects.

Listen as our authoritative panel of energy and tax professionals examines QOZs and QOFs. The panel will discuss tax benefits associated with making energy and other business investments in QOZs, eligibility requirements, the process for getting fund approval, fund formation, and more.

READ MORE

Outline

  1. Qualified Opportunity Zones: defined
  2. Qualified Opportunity Funds: eligibility requirements, formation, self-certification
  3. Tax incentives to invest in Qualified Opportunity Funds/Zones
  4. Interplay of Qualified Opportunity Zone investments with renewable energy tax incentive programs
  5. 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

Morris, Joshua
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

Sanders, Michael
Michael I. Sanders

Partner
Blank Rome

Mr. Sanders focuses his practice in the area of taxation, particularly in matters affecting partnerships, limited...  |  Read More

Shaver, Daren
Daren R. Shaver

Senior Counsel
Hanson Bridgett

Mr. Shaver is a transactional tax attorney, helping clients achieve their objectives in a practical and tax-efficient...  |  Read More

Live Webinar

Buy Live Webinar

Live Webinar

$347

Buy Live Webinar & Recording
A savings of $250

Live Webinar & Download

$444

Live Webinar & DVD

$444 + $24.45 S&H

Other Formats
— Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

48 hours after event

$347

Download

48 hours after event

$347

DVD

10 business days after event

$347 + $24.45 S&H