Opportunity Zone Magazine Opportunity Zone Magazine Volume 1, Issue 1 | Page 4
OPPORTUNITY ZONE MAGAZINE | VOLUME 1
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ISSUE 1
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at
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Treasury has Issued
New Proposed
OZ Regulations
A
fter input from hundreds of key players in the industry,
the U.S. Department of the Treasury released a
second set of proposed regulations on April 17 for the
Opportunity Zone tax incentive program.
The agency’s proposals provide new guidance on what capital
tax gains qualify for deferral, which taxpayers and investments
are eligible, the criteria for establishing Qualified Opportunity
Funds and how funds can ensure compliance. The updated
By Opportunity Zone Magazine Staff
regulations aim to help investors and fund sponsors more
confidently do business and take advantage of Opportunity
Zones, according to the Treasury Department.
“We are pleased to issue guidance that provides greater
flexibility for communities and investors as we continue to
encourage investment and development in Opportunity Zones,”
said Treasury Secretary Steven T. Mnuchin. “This incentive
will foster economic revitalization, create jobs and spur
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