New York Governor Kathy Hochul recently signed three bills into law that impact administration and operation of New York’s industrial development agencies and authorities (“IDAs”). The new laws are intended to, and will,...more
The Board of Governors of the Federal Reserve System has announced that it is establishing a Main Street Lending Program (collectively, the “Program”) to support lending to small and medium-sized businesses that were in sound...more
This month, the Authorities Budget Office issued regulations to increase the accountability, and to improve the efficiency and transparency, of the operations of Industrial Development Agencies (“IDAs”) within New York state....more
On October 19, the IRS and Treasury Department issued long-awaited proposed regulations, Revenue Ruling 2018-29 (the “Revenue Ruling”), and draft forms regarding the Opportunity Zone program to encourage private investment in...more
10/25/2018
/ Capital Gains ,
Community Development ,
Internal Revenue Code (IRC) ,
Investment Funds ,
IRS ,
Low Income Housing ,
Opportunity Zones ,
Proposed Regulation ,
Qualified Opportunity Funds ,
Real Estate Development ,
Real Estate Investments ,
Tax Cuts and Jobs Act ,
Tax Deferral ,
U.S. Treasury