New Opportunity Zone Regulations Are Here

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CLICK HERE TO VIEW REGULATIONS

The long-awaited regulations are finally here! The second set of proposed regulations around the Opportunity Zone regulations have gone through their final review and are set to be released. There was some thought that they may have been delayed another week or two, but it seems that the US Treasury Office was able to swiftly overcome all the Office of Management and Budget’s (the “OMB”) comments. All of this comes just in time for the White House’s summit on the Opportunity Zone legislation.

This second round of regulations is set to address the big ticket outstanding issues: (1) the treatment of multi-asset funds and whether an elegant exit will be allowed; (2) how debt financed distributions will be taxed and impact the treatment of Opportunity Zone investments; and (3) whether the gains recognized during the life of an Opportunity Zone fund can be recycled back into other qualifying Opportunity Zone investments. The solutions to these issues should open the Opportunity Zone business community to move full steam ahead now!

Look forward for future communication for our thoughts on the regulations and how they will be impacting the Opportunity Zone business community!

Our founding partner, Alex Bhathal, attended the White House Conference on Opportunity Zones featuring President Trump, leading administration officials, and community leaders.

Our founding partner, Alex Bhathal, attended the White House Conference on Opportunity Zones featuring President Trump, leading administration officials, and community leaders.

Live from the White House - Conference on Opportunity Zones.

Live from the White House - Conference on Opportunity Zones.

Click the link above to see Cal Oz, Kunal Merchant's Question to Secretary Mnuchin regarding Opportunity Zones.

RevOZ founding partner Alex Bhathal and Kunal Merchant from partner organization, Cal Oz, were invited to participate in the conference.

RevOZ founding partner Alex Bhathal and Kunal Merchant from partner organization, Cal Oz, were invited to participate in the conference.

Alex Bhathal and United States Secretary of Housing and Urban Development, Ben Carson.

Alex Bhathal and United States Secretary of Housing and Urban Development, Ben Carson.

President Trump gives endorsement of the benefits on the program.

President Trump gives endorsement of the benefits on the program.

Lisa Merage