Durham Jones & Pinegar attorney David G. Angerbauer presented at the Utah Opportunity Funds Breakfast Seminar on Thursday, November 8th. The seminar was well attended by over 80 professionals from the real estate, venture capital and other industries to learn about the new tax law creating qualified opportunity zones and qualified opportunity funds, including recently proposed regulations issued on October 19th by the U.S. Treasury Department.
The seminar, which was hosted by Assure Services, Durham Jones & Pinegar, Utah Governor’s Office of Economic Development, Tanner and VentureCapital.org, consisted of five presentations by experts regarding the national and state perspectives, as well as the tax, legal and fund administration aspects, of opportunity funds in Utah.
DJP attorney David G. Angerbauer specifically addressed the legal perspectives on the formation and operation requirements and benefits related to opportunity funds.
Opportunity funds are investment vehicles designed to spur economic development and job creation in low-income communities designated as qualified opportunity zones. Opportunity funds also provide significant tax benefits for those investing in the funds.
If you have any questions regarding opportunity funds, please reach out to David Angerbauer at [email protected]