On October 19, 2018, the IRS and the U.S. Treasury released the first of the expected series of clarifying guidance (in the form of proposed regulations, a revenue ruling, updated FAQs, and various tax forms (drafts of Form 8996 & Instructions), collectively, the “Guidance”) related to…

On March 21, 2018, Alabama Governor Kay Ivey nominated 158 population census tracts (at least one in each of Alabama’s 67 counties) for designation as “qualified opportunity zones” (“opportunity zones”) pursuant to the Tax Cut and Jobs Act of 2017…