Boston Partner Heather Stone Quoted Throughout Law360 Article on Tax Advantages of Opportunity Zones in Private Equity Space

Heather Stone, a Partner based in the Boston office and Co-Chair of Locke Lord’s Investment Adviser & Alternative Funds group, provided insight to Law360 on the interest of private equity sponsors and fund managers in the tax advantages of opportunity zones. Stone noted there is interest coming from the private equity space on the incentives, saying: “There are strings attached, but you can get preferential treatment for the fund and investors on exits. You have to maintain the investment for a certain period of time, and there's a decent amount of red tape.”

Also according to Stone, some states are thinking about how they might be able to duplicate the tax incentives, which could allow those states to essentially offer a double incentive for those that invest there. “There are still a bunch of unanswered questions,” she said.

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