Regulatory

Legislation

• Subchapter Z, Tax Cuts and Jobs Act of 2017

Regulations

• The Internal Revenue Service is still developing regulations about Opportunity Zones (as of June 14, 2018).  When regulations are published, we will provide a copy here.
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• As an interim measure, the IRS has been publishing a series of FAQ's about Opportunity Funds, which can be found here.
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• Two "Guidance Letters" of note have been submitted to the Department of the Treasury by industry groups:
• • (1) June 18, 2018 Letter from EIG et al.
  • (2) July 16, 2018 Letter from Novogrodac Working Group.

Guidance

•  Rev-Proc. 2018-16 - Rules about States Designating Opportunity Zones

Opportunity Zone Designations

• Map of Eligible Census Tracts