Second Round of Opportunity Zone Regulations Have Been Released
The Treasury Department has just released the second round of proposed regulations on opportunity zones. This 169-page regulatory package addresses some of the questions raised after the first round of regulations, and may make it easier for operating businesses to qualify as eligible opportunity zone investments.
In addition, recognizing concerns about whether opportunity zone investments would have the appropriate social impact, Treasury Department announced that it may request more information reporting to help it gather data on the impact of opportunity zone investments, and is seeking public input on what information should be collected and how.
We are reviewing the proposed regulations and request for information, and will be issuing an alert once we have analyzed them.