Recent News

Monday, November 9, 2020

A report by the U.S. Government Accountability Office (GAO) says there is need for more oversight of opportunity zones (OZs) and makes two specific recommendations for Congress.

Tuesday, October 20, 2020

Demonstrating that the COVID-19 pandemic has disproportionately harmed low-income communities–particularly children–a new report from the Economic Innovation Group (EIG) explains how the opportunity zones (OZ) incentive can be used to build a supportive ecosystem for children and families in OZs.

Friday, October 16, 2020

The Novogradac Opportunity Zones (OZ) Working Group submitted a letter to the Internal Revenue Service (IRS) this week with recommendations for items to include on the IRS 2020-2021 Priority Guidance Plan.

Monday, October 12, 2020

The Internal Revenue Service (IRS) posted an early release draft of IRS Form 8997–initial and annual statements of qualified opportunity fund (QOF) investments–and its instructions. There are several proposed changes to the form, including a new column for special gain code in all four parts of the form, the addition of foreign eligible taxpayer questions in Part II and others.

Tuesday, October 6, 2020

Sen. John Kennedy, R-La., introduced legislation this week to create additional opportunity zones (OZs) made up of low-income community census tracts in communities that have been declared a major disaster area due to Hurricane Laura. The Hurricane Laura Recovery Opportunity Zones Act (S.

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.