Treasury Releases New Proposed Rules for Opportunity Zones
The Treasury Department has released proposed rules and an accompanying revenue ruling for Opportunity Zones, providing a 60-day public comment period. Stated within the proposed rules is that Treasury is working on additional published guidance, including additional proposed regulations expected to be published in the near future. Earlier this morning, the Wall Street Journal and the New York Times circulated advanced coverage prior to the proposed rules being made available to the public.
Enterprise remains committed to advocating for regulations that promote transparency, prevent abuse, and ensure inclusive and economic growth. Stay tuned as we complete our analysis of this initial round of guidance, and what potential impacts it may have on formation of Opportunity Funds and investment of capital in Opportunity Zones.