David B. Lemkemeier, Michael T. Donovan, and Ryan C. Furtick Co-author Commentary on Opportunity Zones in St. Louis Business JournalNovember 30, 2018
Lewis Rice members David B. Lemkemeier and Michael T. Donovan and associate Ryan C. Furtick collaborated on an article for the St. Louis Business Journal on Opportunity Zones. The article discusses in detail the major tax benefits for individuals and investors of these zones in low income census tracts.
Opportunity Zones, enacted as part of the 2017 tax reform, are designed to encourage investment in low-income communities designated as qualified opportunity zones (QO Zones). Missouri has 161 opportunity zones, with 41 being in St. Louis.
To read the full article, click under "Resources" below.
Our experienced team of attorneys can provide a full range of interdisciplinary services to help investors, family offices, fund sponsors, managers, developers, contractors, innovators, business owners, urban and community planning organizations, local businesses, and others understand and implement the Opportunity Zone program for maximum benefit. Contact David Lemkemeier, Michael Donovan, or Ryan Furtick for more information.