Opportunity Zone Proposed Regulations Provide the Certainty Anxious Investors, Developers, and Entrepreneurs Have Been Seeking

Long-awaited guidance expected to trigger a surge of green-lighted projects as investors race to meet holding periods, creating competition for investment dollars and desirable OZ developments and businesses

23 October 2018       Authors: Mary Burke Baker, Adam J. Tejeda, Olivia S. Byrne, Kevin C. Klein

The Department of Treasury has released eagerly anticipated proposed regulations on Opportunity Zones (“OZs”). Although OZ incentives were enacted months ago, investors, developers, entrepreneurs, and fund sponsors have been wary to commit to OZs because the statute left many key definitions and mechanical questions unanswered. While the regulations and related Revenue Ruling 2018-29 do not address every concern, the guidance provides enough answers for many to decide they now are ready to say “Yes” to OZs.

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Opportunity Zone Proposed Regulations Provide the Certainty Anxious Investors, Developers, and Entrepreneurs Have Been Seeking

Long-awaited guidance expected to trigger a surge of green-lighted projects as investors race to meet holding periods, creating competition for investment dollars and desirable OZ developments and businesses