Latest regulations for Opportunity Zone investments clarify qualifications for tax breaks

On Wednesday, the U.S. Treasury Department and the Internal Revenue Service released new regulations and guidelines for investments in the 8,700 distressed or lower-income census tracts that governors across the country have designated as Opportunity Zones (OZs).

The new regulations, which expand upon the initial round that came out last October, are meant to provide greater clarity for investors and developers about how funds raised for such investments might qualify for tax breaks.