Treasury Releases Second Set of Highly Anticipated Opportunity Zone Guidance

April 17, 2019
ESG Research

The U.S. Department of the Treasury issued its second set of proposed regulations related to the new Opportunity Zones (OZ) tax incentive.

The guidance makes it easier for funds to ensure compliance with the requirement that a fund has 90 percent of its assets invested in OZs and expands the working capital safe harbors. The proposed regulations also provide clarity on treatment of gains on long-term investments, ownership and operation of the business, and what constitutes Qualified OZ Business Property.  For the full guidance click here.

Below are the highlights:

  • if anyone invests… the money has one year to be reinvested
  • definition as to what can be done with distributions
  • Money has gone from being on the sidelines to being committed.

“We are pleased to issue guidance that provides greater flexibility for communities and investors as we continue to encourage investment and development in Opportunity Zones,” said Secretary Steven T. Mnuchin.  “This incentive will foster economic revitalization, create jobs and spur economic growth that will move these communities forward and create a brighter future.”

Related Posts

Pandemic-Related Uncertainty In The US Solar Industry — And The Case For An ITC Extension

Pandemic-Related Uncertainty In The US Solar Industry — And The Case For An ITC Extension

PV MAGAZINE, JEAN HAGGERTY Renewable energy industry officials are hopeful that a post-pandemic comeback is possible in 2021, but much will depend on whether the Covid-19 disruption is short lived […]

Read More

Renewable Energy Research

Forbes Article – ESG Scoring is Failing: Time for Improvement

Forbes Article – ESG Scoring is Failing: Time for Improvement

by George Strobel, Forbes Financial Council Member Environmental, social responsibility and good governance (“ESG”) standards for business conduct continue to rise in importance as a result of the economic chaos and […]

Read More

ESG Research

Participants Hope Rehabilitation Of Historic Seminary Sparks Local Revitalization

Participants Hope Rehabilitation Of Historic Seminary Sparks Local Revitalization

Monarch Private Capital is proud to play a role in the new future of St. John’s Seminary… which was made possible by tax equity investments. Novogradac article by Caroline Gallegos  St. […]

Read More

Historic Rehabilitation Research

See More News

Contact us for more information about ESG Investing, state and federal tax credits.