Developers and investors still waiting on IRS for opportunity zone regulations

Opportunity zones and opportunity funds were established by Congress as part of Tax Cuts & Jobs Act that was passed in December 2017. Governors of every state and U.S. territory (and the mayor of Washington DC) nominated their opportunity zones in spring 2018. IRS published the finalized list of designated opportunity zones [PDF] in July.

Opportunity Zones

But many developers and investors are still anxiously awaiting more detailed regulations from the IRS, which are promised later this year.

Update 10/19/18: Treasury has issued its first tranche of proposed rules on opportunity zones.

Jimmy Atkinson

Jimmy Atkinson

Hi, I'm Jimmy Atkinson... I founded OpportunityDb in August 2018. I'm a veteran Internet entrepreneur with a background in economics and Web marketing. I previously founded ETFdb.com. These days, I am passionate about impact investing and tax-advantaged investment opportunities. At the crossroads of these two ideals is the opportunity zones program, a place-based tax policy intended to economically transform some of the poorest areas of the United States with new real estate and business development.

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