Jack Seiffert is an attorney in the firm's Louisville office where he is a member of the Business & Finance Service Group.
Introduction to the Legal Aspects of Starting a Business
Diversity Committee, Member
Before joining the firm, Jack worked for a small employment law firm in Louisville, mainly assisting on legal research and writing. He joined Stites & Harbison after participating in the Summer Associate Program in 2016.
Jack is an avid tennis player during his down time. He is also a lifelong supporter of University of Louisville athletics and enjoys listening to music and spending time with his family.
Opportunity Zones are depicted as transformative tools created to stimulate employment and achieve economic growth in distressed low-income communities. Like a public-private partnership, eligible taxpayers are entitled to significant tax incentives in exchange for investing unrealized capital gains in Opportunity Zones.
In anticipation of the announcement of the $3.5 billion of New Markets Tax Credits (NMTC) allocation awards by the U.S. Department of the Treasury's Community Development Financial Institutions Fund next month, Stites & Harbison will conduct its fifth annual New Markets Tax Credits Workshop on Wednesday, February 13th.
On October 19, 2018, the U.S. Department of Treasury and the Internal Revenue Service released the first set of the proposed regulations (the “Proposed Regulations”), along with Rev. Rul. 2018-29 and an updated Internal Revenue Service (“IRS”) Frequently Asked Questions, which provide guidance on exactly how the Opportunity Zone program is intended to work.
The Tax Cuts and Jobs Act, Pub. L. 115-97 (the “Act”), signed into law on December 22, 2017, introduced the Opportunity Zone program (Internal Revenue Code §1400Z-1 and §1400Z-2) which provides a new federal framework for stimulating private investment in economically distressed areas across the country.
On March 22, 2017, Governor Matt Bevin signed into law the Kentucky Charter School bills which empower local Kentucky school boards with the rights and responsibilities of creating and operating charter schools.