Opportunity Zones and Second Round Guidance

After a long and highly anticipated wait, Treasury has finally lifted the veil on a new set of proposed regulations that attempts to bring additional clarity to tax breaks on investments in economically disadvantaged communities that are designated as qualified opportunity zones (QOZs). The proposed regulations, some 169 pages in length, were released on April 17, and supply additional guidance under Section 1400Z-2 of the Internal Revenue Code.

  • Catch up with CohnReznick’s April 30 webinar discussing the more impactful aspects of the new guidelines and related significant considerations that should be explored.
  • Review CohnReznick’s “long and the short” with 12 quick hits on the latest guidelines.

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