NRT briefing
Treasury designates 6,576 new Opportunity Zones taking effect in 2027
Based on reporting by Fox Business.
The Brief
The Treasury Department and the IRS announced the designation of 6,576 Opportunity Zones across all 50 states, U.S. territories and Washington, D.C. The new 10-year designations take effect Jan. 1, 2027, with 2,594 of the zones located in rural communities eligible for enhanced incentives.
Opportunity Zones are distressed census tracts where qualifying investments receive preferential tax treatment under the 2017 tax law, which was made permanent by the Working Families Tax Cuts. Treasury Secretary Scott Bessent said the program has generated over $110 billion in private investment since its creation. The designations follow a nomination process that began July 1, with the final list representing about one-quarter of the 25,332 eligible census tracts.
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