Treasury takes an important first step in bringing clarity to the QOZ program.
The Proposed Regulations provide a 31-month grace period for development of a QOZ Business –
The treatment of land is clarified for purposes of the Qualified Opportunity Zone Business Property rules –
The Proposed Regulations confirm that an investor’s share of partnership debt under Code Section 752 is not treated as a separate investment in a Qualified Opportunity Fund –
Please see full Publication for more information.
by Thomas Morton
November 15, 2018
Pillsbury Winthrop Shaw Pittman LLP