The NC Chamber recently published an informational Q&A on Opportunity Zones with Poyner Spruill LLP Emily Meeker. According to the chamber, business leaders in North Carolina have long shared the goal of spreading economic opportunity and prosperity throughout the entire state, and OZs provide a new investment tool.
OZs are part of an economic development and tax incentive package that seeks to create long-term financial investments in low-income census tracts. These types of investments allow investors to receive tax benefits.
Recently, the Treasury Department held a public hearing on its second set of proposed regulations addressing Opportunity Zones. Meeker provided insight into what business leaders need to know about recent developments.
The full Q&A can be read here.
Meeker is an experienced litigator who focuses her practice on real estate and government-related litigation. She represents businesses, individuals, and local governments in condemnation cases, property tax appeals, land-use matters, and other complex civil litigation.