Pencils Down: Did Your State Submit Opportunity Zones by the Final Deadline?
Governors from across the nation have been engaged with mayors, county executives, local leaders, and others over the past months to identify which communities they want to nominate as Opportunity Zones. The final deadline for submitting nominations to Treasury has passed; here’s what we know.
Thus far, Treasury has approved Opportunity Zones in 20 states and 4 territories (April 9, April 19), and we have updated the Opportunity360 state mapping tool to show newly-designated Opportunity Zones.
The balance of Governors requested a 30-day extension on March 21, giving them until April 20 to submit their Opportunity Zone nominations. Since Friday, 22 states and Washington, D.C. have made public their selections, which are linked below. The remaining states and Guam have not indicated whether nominations were submitted, however we believe most were able to meet the deadline.
If Governors did not submit Opportunity Zone nominations by April 20, the communities in that state will not be eligible to receive investment incented through the tax benefit over the coming decade. Treasury has 30 days to approve the remaining nominations, unless an additional 30 days is requested. Contact us if you have updated information on the states below!
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