Related insights: WBD Advance

Peter Duffley Closes Opportunity Zone Investment

May 02 2019

Peter Duffley represented Durham-based developer, D3 Development, in connection with the renovation and adaptive reuse of a five-story, 309,410 square foot historic textile mill located in Haw River, North Carolina.

New Opportunity Zone Regulations Provide Clarity on Open Issues for Investors

Apr 29 2019

On April 17th, 2019, the U.S. Treasury Department (the “Treasury”) and the IRS issued a second set of long-awaited proposed regulations relating to Opportunity Zone (“OZ”) tax incentives.

Navigating the Waters of Opportunity Zone Funds

Mar 08 2019

The Federal tax reform bill passed at the end of 2017 made voluminous changes to the Federal tax code, but one relatively small section has potentially drawn more attention than any other, attracting the likes of real estate developers, investors, investment advisors, municipal leaders, accountants, lawyers and many, many others.

A Guide to Key Opportunity Zone Regulations For Real Estate Transactions

Nov 02 2018

On October 19, 2018, the Department of Treasury and the Internal Revenue Service released the highly anticipated regulatory guidance concerning the Opportunity Zone tax incentives.

Opportunity Zone Regulations Provide Clarity on New Economic Development and Investment Tool

Nov 02 2018

On October 19, 2018, the U.S. Treasury Department and the Internal Revenue Service issued proposed regulations for the new Opportunity Zone tax incentive.

Guide to Opportunity Zones: How Taxpayers Can Achieve Capital Gains Tax Benefits and Support Enterprise in Underserved Communities

Aug 13 2018

Opportunity Zones are a compelling and powerful new tool for investors, asset owners, asset managers and communities that can mobilize capital for economic development in underserved communities, yielding good job creation, affordable and workforce housing development, community improvement and economic growth.

Overview of Opportunity Zones: The Government’s Powerful New Tool to Drive Economic Development in Underserved Communities

Aug 09 2018

Opportunity Zones are a powerful new economic development tool, designed to mobilize investment in underserved communities across the nation. The Opportunity Zones were established by Congress as a part of the Tax Cuts and Jobs Act of 2017. They are designed to encourage long-term private investments in low-income communities through a two-fold strategy: using temporary benefits to bring the investment in, and long-term benefits to keep it there.

Firm Launches Opportunity Zone Team

Aug 06 2018

Womble Bond Dickinson (US) is excited to announce the launch of its Opportunity Zone practice team, an outgrowth of the firm’s award-winning Impact Business Group. The multi-disciplinary team serves investors, fund managers and businesses involved with Opportunity Zones, a new federal program enacted as part of the Tax Cuts and Jobs Act of 2017 and intended to promote investment in underserved communities.

Raise Your Hand If You’re Confused about I-9 Reverifications for Employees with TPS

Jan 22 2018

Temporary Protected Status (TPS) is a humanitarian benefit available to foreign nationals who are unable to return to their home countries because of certain temporary conditions including ongoing armed conflict such as civil war, an environmental disaster like an earthquake, hurricane, epidemic, or other extraordinary conditions.

Mike Leonard Honored by Wild South, Profiled by AL.com for Land Preservation Work

Jun 03 2016

Once again, Womble Carlyle attorney Mike Leonard has been honored for his four decades of pro bono work in the field of land conservation. The latest honor comes from Wild South, a regional conservation group, which awarded Leonard its Friend of Wilderness Award at the group’s annual Green Gala.

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