Final Opportunity Zone Treasury Regulations Released

*Provided by jdsupra

“Treasury has issued two prior sets of proposed regulations. The Final Regulations consolidate these proposed regulations as well as change various parts to reflect comments received on the rules over the last two years. Among the changes that were made, the Final Regulations clarify aspects of the 180-day investment period, clarify how the substantial improvement test is met, changed the rules relating to the purchase and development of vacant property, expanded the working capital safe harbor for start-up businesses, and provided a de minimis exception for “sin” businesses.”

Full article here

2019-12-31T11:05:04-08:00December 31st, 2019|CALED News, Econ Dev News|

Get the Inside Scoop on
Rural Infrastructure Financing

Free Guidebook
Now Available