Treasury Releases First Set of Proposed Opportunity Zones Guidance
The Treasury Department today released the first tranche of proposed guidance for the opportunity zones (OZ) incentive, addressing gains invested in qualified opportunity funds. Treasury also released a related revenue ruling. Treasury will accept comments for 60 days. Novogradac will update with further news including more information on the regulations.
Novogradac will host a Novogradac Opportunity Zones Regulations Webinar Nov. 14.
To weigh in on the proposed regulations during the comment period, consider joining the Opportunity Zone Working Group, hosted by Novogradac & Company.