In Memoriam – C. Mark Kingseed, Esq.

In News by Coolidge Wall

1954-2018 The Coolidge Wall family celebrates the life of our partner and close friend, C. Mark Kingseed, who passed away on October 10, 2018, following an extended illness. We will miss Mark’s keen wit, brilliant mind, and boundless energy. In a field that can reward big personalities and bigger egos, Mark chose a different path: he was a paragon of common sense, decency, and humility, never caving in to pressure with a cross word or a compromised strategy. Mark started his career jetting around the country for NCR, putting out union fires (sometimes literally) during the company’s heyday in Dayton. …

Ohio Proposes Tax Credit for Investments in Opportunity Zones

In Tax by Coolidge Wall

Background In December 2017, Congress’s passage of the Tax Cuts and Jobs Act created Qualified Opportunity Zones (“Opportunity Zones”). In general, a taxpayer who invests in an Opportunity Zone can defer capital gain taxes and potentially reduce his capital gain by receiving a 10% to 15% increase in basis, in addition to paying no tax on any appreciation of the investment in the Opportunity Zone. Click here to find a more detailed discussion of Opportunity Zones. Ohio’s House Bill 727 On August 29th, the Ohio General Assembly introduced House Bill 727 (“HB 727”), which seeks to further incentivize investments in …