“Biden’s Capital Gains Hike Could Sweeten This Trump Tax Break”
Bloomberg Law
By: Noah Buhayar and Ben Steverman
“Other changes Biden is proposing — such as new limits on a popular break used by property investors — could drive more money to opportunity zone funds, said Michael Williamson, chair of the real estate practice group at law firm Buchalter in Los Angeles. But he worries that Democrats might also target the incentives themselves, making them more complex or unattractive.
‘There’s still the uncertainty around what changes will happen to the opportunity zone program,” Williamson said. “At the end of the day, the opportunity zone program makes a good deal great, but doesn’t make a bad deal good.’”
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