Opportunity zones - Internal Revenue Service Thousands of low-income communities in all 50 states, the District of Columbia and five U S territories are designated as Qualified Opportunity Zones Taxpayers can invest in these zones through Qualified Opportunity Funds
Qualified Opportunity Zones | U. S. Department of the Treasury This page links to relevant datasets and describes Treasury’s methodologies for determining which census tracts are eligible for nomination as Opportunity Zones, including which eligible tracts are comprised entirely of a rural area
IRS Signals New Opportunity Zone Rules Following OBBBA Overhaul The IRS has announced its intent to issue proposed regulations and transitional guidance on qualified opportunity zones (QOZs) as revised by the One, Big, Beautiful Bill Act (OBBBA), the Republicans’ 2025 tax and spending law Notice 2026-40 provides important guidance for fund sponsors and investors navigating the shift to OBBBA’s new designation system Under prior law, no more than 25%
California Opportunity Zones | California Department of Finance The Tax Cuts and Jobs Act of 2017 established Opportunity Zones as a mechanism to provide tax incentives for investment in designated census tracts Investments made by individuals through special funds in these zones would be allowed to defer or eliminate federal taxes on capital gains
Qualified Opportunity Zone transitional guidance issued The IRS released transitional guidance on Qualified Opportunity Zones (QOZs) following recent legislative changes The guidance addresses how investors and businesses can navigate the rules for gain deferral, property qualifications, and compliance tests after a QOZ’s designation period expires, particularly in light of the One Big Beautiful
What are Opportunity Zones and how do they work? Opportunity Zone tax incentives can be used for commercial and industrial real estate, housing, infrastructure, and existing or start-up business investments For real estate projects to qualify for the tax incentives, the investment must result in the properties being “substantially improved ”