State Legislative Updates

Federal – Treasury Department Issues More Proposed Regulations on Qualified Opportunity Funds

Federal — On April 17, 2019, the Department of Treasury released the second round of proposed regulations providing guidance on the Opportunity Zone program — a new federal program providing for investments in economically distressed communities called Qualified Opportunity Zones made by investment vehicles called Qualified Opportunity Funds.

More information about the program can be found in our previous alert New Federal Program Offers Investment Vehicle: Qualified Opportunity Fund (QOF).

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