Treasury takes an important first step in bringing clarity to the QOZ program.
The Proposed Regulations provide a 31-month grace period for development of a QOZ Business -
The treatment of land is clarified for purposes of the Qualified Opportunity Zone Business Property rules -
The Proposed Regulations confirm that an investor’s share of partnership debt under Code Section 752 is not treated as a separate investment in a Qualified Opportunity Fund -
Please see full publication below for more information.
