2021 – 05/17 With investment in national infrastructure in the headlines, investors may be wondering about the status of the current qualified Opportunity Zones (QOZ). A QOZ is a distressed area targeted by the federal government for economic development and job creation, in exchange for valuable tax incentives to investors. Established by the 2017 Tax Cuts and Jobs Act, the boundaries of current QOZs were set based on the 2010 census for a certain period. The U.S. Treasury Department stated that the boundaries wouldn’t change during that period, based on future census reports. With the recent release of the 2020 U.S. census, the IRS has affirmed that the boundaries of current QOZs will remain unchanged.
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