Recent News

Thursday, June 4, 2020

The Internal Revenue Service today released Notice 2020-39, providing guidance for investors in the opportunity zones (OZ) incentive in the wake of the COVID-19 pandemic. The guidance provides that taxpayers whose last day of the 180-day period to invest capital gains in a qualified opportunity fund (QOF) falls on or after April 1, 2020, and before Dec. 31, 2020, to postpone the last day to Dec. 31, 2020 (Notice 2020-23 had earlier extended that deadline to July 15).

Friday, May 29, 2020

Rep. Buddy Carter, R-Ga., introduced a proposal that includes the creation of a tax credit for pharmaceutical manufacturers that operate in certain opportunity zones (OZs).

Friday, May 29, 2020

The U.S. Department of Housing and Urban Development (HUD) published a toolkit guide Thursday to provide local leaders with strategies for promoting economic development in federal opportunity zones (OZs).

Wednesday, May 20, 2020

Construction material and warehouse equipment will soon be exempt from sales tax and use tax in Maryland if used in an opportunity zone (OZ) in Baltimore County or a target redevelopment area in Washington County. S.B. 185, which is effective July 1, requires the buyer to provide the vendor with evidence of eligibility issued by the state comptroller.

Tuesday, May 19, 2020

Reps. Ron Kind, D-Wis., and Mike Kelly, R-Pa., today submitted a letter to the Department of the Treasury and the Internal Revenue Service, seeking regulatory relief for opportunity zones (OZ) investments affected by the COVID-19 pandemic.

Novogradac Opportunity Zones Mapping Tool
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Find opportunity zones by zip code, census tract, and more.
Opportunity Zones Working Group
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The Opportunity Zones Working Group suggests consensus solutions to technical Opportunity Zones incentive issues.
Opportunity Funds Listing
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A listing of funds formed to invest in opportunity zones.
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