Butler Snow attorney John F. England was recently mentioned in an article by the Memphis Business Journal. The article discusses a recent event, OpportunityMEM, presented by the Urban Land Institute, the City of Memphis and EDGE that focused on the mechanics and value of Opportunity Zones.
The following is an excerpt from the article:
England, who works out of Butler Snow’s Jackson, Mississippi, office, talked attendees through the details of the program and told them it is important they set up their investments carefully.
To be worth the trouble of complying with the OZ program, investments should be a minimum of $3 million, England said.
He told them, though, the common belief that investments need to be made by the end of 2019 is a misperception. While it’s true that some of the benefit will diminish with each passing year, the primary tax shield associated with the program will be available for new projects through 2028.
Read the article in its entirety here.