A Deep Dive into Opportunity Zones:

New Tax Incentives Stimulating Community Investment

A Deep Dive into Opportunity Zones: New Tax Incentives Stimulating Community Investment

Impact Capital Forum

Speaking Engagement | October.22.2018 | 8:30am - 11:30am (Eastern Standard Time)

Orrick New York

Orrick Partners Quinn Moss and Richard Chirls will join a panel on Legislative Updates from Tax and OZ Thought Leaders at the Impact Capital Forum event on October 22, 2018.

Opportunity Zones have emerged as a transformative economic development tool, providing a new incentive to place much-needed capital into distressed communities. They also offer investors opportunities to defer and/or reduce their tax liabilities. With the designation of Opportunity Zones and Treasury’s anticipated clarifying Resolutions, industry leaders will advise how to effectively navigate Opportunity Zones and use this tax incentive to spur investment in low-income areas.

60_740x360

Practice:

  • Finance Sector
  • Tax

Richard Chirls Partner Tax

New York

Richard Chirls, a New York tax partner, focuses his practice on the tax aspects of public finance transactions.  He has served as the head of Orrick’s nationally recognized Public Finance Tax Group.

With more than 30 years of experience, Richard is widely recognized as one of the nation’s foremost authorities, having broad experience with tax exempt financings and related transactions involving governmental and not-for-profit entities.  His skill and stature in the public finance community was recognized by the National Association of Bond Lawyers’ highest award for his career of distinguished service in public finance. 

Richard focuses on new products, including the development of new and creative financing techniques for governments, non-profits and investment bankers. He regularly works on transactions throughout the country.  However, in his home office in New York City, he leads the relationship with the Port Authority of New York and New Jersey, serving as counsel on well over 100 transactions over a period of more than 20 years and has headed the tax work in connection with every financing of a cultural facility relating to museums and performing arts in New York City over this same period.  Richard has worked on the tax aspects of several of the largest and most complex public private partnership (P3) transactions in recent years.  He frequently acts as special tax counsel to issuers and underwriters of municipal finance issues.