When Might the Next Round of Opportunity Zones be Certified?
The Treasury Department last week designated 1,312 qualified opportunity zones (OZs) in Alabama, Delaware, Missouri, Ohio, Texas and the Northern Marianas Islands. Last week’s announcement brings the total number of states and territories in which OZ designations have been certified by Treasury to 20 and four, respectively, and the total number of OZs to 4,831.
The last day for governors who requested a 30-day extension to designate OZs was Friday, April 20. If Treasury follows a similar timeline to certify those designations, the final group of officially designated OZs might be made public in the first or second week of May.
In the meantime, browse the OZs that have already been certified and areas that are eligible for OZ designation in the Novogradac Opportunity Zone Mapping Tool, and learn more about this new community development tax incentive in the 2018 Novogradac Tax Reform Resource Guide, which features a section dedicated to OZs.