The US Treasury released on 17 April 2019 the second round of proposed regulations under Internal Revenue Code Subchapter Z – Opportunity Zones (the OZ Program), which was enacted under the 2017 tax reform act. The OZ Program is intended to spur investment in economically distressed communities and promote long-term economic growth in these communities through a variety of investment vehicles. Over the past several months, taxpayers have anticipated the proposed regulations with the expectation that they will provide a certain level of assurance on key issues that may affect investments in qualified opportunity funds.
Join us Tuesday, April 30, 2019 from 2-3:00PM ET (7PM UK) for the latest webcast in our Tax Readiness series: Understanding the new Opportunity Zone guidance and how it applies to businesses and investors. Register here.