California’s First County-City EIFD Partnership
The IRS issued new regulations that add flexibility to the 31-month working capital safe harbor period for delays caused by government agency actions that may include permitting and CEQA reviews. The new rules would apply to operating business investment and real property investment, provided the government action application was completed during the 31-month period.
Larry J. Kosmont is chairman and CEO of Kosmont Companies, a real estate and economic development services firm specializing in public-private transactions. Robert Valenti is a senior project analyst with Kosmont Companies and provided research assistance.