Opportunity Zone Magazine Opportunity Zone Magazine Volume 1, Issue 1 | Page 4

OPPORTUNITY ZONE MAGAZINE | VOLUME 1 • ISSUE 1 L at 2 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 OPPORTUNITYZONEEXPO.COM