WASHINGTON—Excitement is running high among investors for “Opportunity Zones,” a new incentive provided by tax reform. While interest is strong, many investors are waiting on the sidelines for additional guidance from the government.
The U.S. Treasury released an initial round of guidance for investors in October 2018 and is expected to provide another round soon. Through tax breaks, the opportunity zones program incentivizes Americans to invest in economically underserved communities. And the proposed rules provide guidance on how investors can qualify for special tax breaks in designated opportunity zones.
