TREASURY AND IRS ISSUE FINAL REGULATIONS ON OPPORTUNITY ZONES

摘要

On December 19, the U.S. Treasury Department and the Internal Revenue Service issued final regulations implementing the Opportunity Zones tax incentive. Opportunity Zones, created by the Tax Cuts and Jobs Act, offer capital gains tax relief for investments in economically distressed areas. "Opportunity Zones are helping to revitalize communities and create jobs for hardworking Americans," said Secretary Steven T. Mnuchin. "These regulations provide clarity and certainty for investors, which will enhance the flow of capital to new and expanding businesses, and create sustained economic growth in communities that have been left behind."