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Sohodojo Advisory Board Member
Jim Schneider
The Taxman86 Speaks...
15 July 2000
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The Ball is in the Adminstration's Court; Where is the Denver Enterprise Community; Where is the Burlington Square Mall.

1. Death Tax Repeal Is Passed In Senate.

H.R. 8 "The Death Tax Elimination Act," passed the Senate with 9 Democrats voting in favor, including Senator Feinstein from California who is up for re-election. Her comments suggest that the President should offer a big exclusion for small businesses and family farmers, effective immediately to make this work.

2. Denver Enterprise Community.

If you want to see where all the action is coming from check out this site and an Op-Ed piece in the New York Times. The entertainment world will never be the same.

This means that schools such as the University of Colorado's Media Center in downtown Denver at 1100 Larimer, Denver 80204, which just so happens to be in the Denver Enterprise Community, along with many other things [Coors Field, Mile High Stadium, and the Pepsi Center].

Two blocks away is the famous historic Larimer Square Entertainment Block along with many work/live facilities, restaurants, and sports facilities, etc., all of which could be within a Zero Capital Gains Tax Zone. Will that bring out the creative ones, New Media Companies, etc., we think so. See our Equity Kickers Web page to review the rules on Non Qualified Stock Options [NQSOs] which may be better than Incentive Stock Options [ISOs] when the new rules come into play.

3. Burlington Enterprise Community.

We mentioned yesterday Burlington, Vermont and received an e-mail regarding the Church Street Market Area which is within the Burlington Enterprise Community. Burlington along with many other cities such as Bridgeport, Connecticut are trying to revitalize their old urban centers. When the Distressed Communities Legislation passes, just add some New Media Centers and let the games begin. [The rise of Britney Spears, or the Beatles, could be relived anywhere, Bridgeport included].

Jim Schneider, LL.M.

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