On January 15, 2019, a New York federal judge ruled against the Trump administration’s inclusion of a citizenship question on the 2020 U.S. census questionnaire. This New York case is the first of three high-profile trials around the country challenging Commerce Secretary Wilbur Ross’ decision to include a question on the next U.S. census that asks respondents whether they are American citizens.
As we start a new year, we would like to share with you some of our most popular legal alerts from 2018. Our top-read alerts range from construction, corporate and securities, labor and employment, tax and intellectual property, reflecting the broad array of our full-service practice. We hope that our alerts have been valuable to you and your colleagues, and demonstrate our commitment to providing helpful information to you.
One of the positive developments resulting from the 2017 tax legislation has been offering taxpayers a limited-time opportunity to defer gain on the sale of assets, reduce the gain when finally recognized and even eliminate gain on certain new investments. This is all made possible under the 2017 Tax Act by investing in "Qualified Opportunity Zones," a new provision that allows taxpayers to free up capital gains and reinvest those gains in economically distressed census tracts.