Treasury Issues Much-Anticipated Opportunity Zone Proposed Regulations

From OMA Connections Partner GBQ Partners: “On Friday, October 19, 2018, Treasury issued much-anticipated guidance in the form of Proposed Regulations and related Revenue Ruling 2018-29 to allow investors to move forward with Qualified Opportunity Zone (QOZ) projects. The QOZ tax incentive was established … to encourage long-term capital investment and job creation in distressed communities. Treasury has designated 8761 QOZs across the country.

“Although the Proposed Regulations do not answer all of our key questions, Treasury did provide generally taxpayer friendly guidance to the issues.”

To learn more from GBQ about the proposed regulations, click here. 10/23/2018