Michael T. Donovan Commented on St. Louis Post-Dispatch Article on Opportunity ZonesJanuary 11, 2020
Lewis Rice member Michael T. Donovan offered commentary in a St. Louis Post-Dispatch article regarding investment interest in St. Louis-area Opportunity Zones. Opportunity Zones are designated low-income communities in which investment is encouraged by providing taxpayers the opportunity to defer taxation of capital gains. Many St. Louis neighborhoods are benefiting from this initiative because there are more opportunities here compared to similar cities.
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Mike is Chairman of the Tax Department. Mike has significant experience in all aspects of tax planning for partnerships and LLCs, corporations, real estate, REITs, and funds. He has the knowledge and expertise to assist clients with all business, tax, and legal aspects of the new Qualified Opportunity (QO) Zone program, including the formation and operation of QO Funds, financing and structuring development projects and investments by QO Funds, and advising with respect to investments in QO Funds.