Legislation Introduced to Indefinitely Renew OZ Incentive

Rep. Mark Meadows, R-N.C., introduced legislation today to allow for the designation of opportunity zones (OZs) every 10 years, effectively perpetually renewing the OZ incentive that was part of tax reform legislation. H.R. 6890, the Creating Advancement and Personal Improvement in Targeted American Localities (CAPITAL) Act of 2018 was assigned to the House Ways and Means Committee.

The Novogradac 2018 Opportunity Zones Conference is Oct. 2-3 and is available via a live stream.