IRS Publishes Second Round of Proposed OZ Guidance
Proposed rules are updated and clarified, opening the door for more diverse investments.
While several key questions remain, the regulations remove many of the most significant hurdles that have held back investment since Opportunity Zonesbecame law, especially for investment into new and expanding operating businesses.
New Opportunity Zones Rules Are Released. Will Developer Money Follow?
The government’s rules give more leeway to funds and businesses looking to invest in distressed areas nationwide.
The government released its long-awaited and latest set of Opportunity Zoneregulations last Wednesday, hoping to provide investors who have been on the fence with the clarity needed to begin developing projects in distressed areas.
Opportunity Zones Are Open for Business: 5 Key Features of the New Guidance
Takeaways from last week’s release of updated proposed OZ rules.
“Opportunity Zone legislation just got better and clearer,” writes Joshua Pollard. “For whom did it get better? Investors and communities. Is it perfect yet? No. Would it be a mistake to simply sit on the sidelines and wait for it to get better? Yes.”
‘Investors Are Hesitant’: Rural America Might Miss Out on ‘Opportunity Zones‘
Tax breaks likely aren’t enough to lure investors to low-income communities in rural areas. There are ways they can become more attractive.
Some analysts warn that even with the tax incentives, many rural areas — which account for roughly 40% of designated OZs — still likely won’t benefit unless state and local governments intervene to make investment less risky.