Opportunity Zones

Section 1400Z–1(b)(1)(A) of the Code allowed the Chief
Executive Officer (CEO) of each State to nominate a limited number of
population census tracts to be designated as Zones for purposes of §§ 1400Z–1 and
1400Z–2.  Revenue Procedure 2018–16,
2018–9 I.R.B. 383, provided guidance to State CEOs on the eligibility criteria
and procedure for making these nominations. 
Section 1400Z–1(b)(1)(B) of the Code provides that after the Secretary
receives notice of the nominations, the Secretary may certify the nominations
and designate the nominated tracts as Zones.

Section 1400Z–2 of the Code allows the temporary deferral of
inclusion in gross income for certain realized gains to the extent that
corresponding amounts are timely invested in a qualified opportunity fund.  Investments in a qualified opportunity fund
may also be eligible for additional tax benefits. <div><br /></div><div>To learn more about Qualified Opportunity Zones visit: <a href='https://www.cdfifund.gov/opportunity-zones' target='_blank' rel='nofollow ugc noopener noreferrer'>https://www.cdfifund.gov/opportunity-zones</a><span style='font-family:&quot;Avenir Next W01&quot;, &quot;Avenir Next W00&quot;, &quot;Avenir Next&quot;, Avenir, &quot;Helvetica Neue&quot;, sans-serif; font-size:16px;'>, for questions about the spatial attribution of this dataset, please reach out to us at </span><a href='mailto:[e-mail]' style='color:rgb(0, 97, 155); text-decoration-line:none; font-family:&quot;Avenir Next W01&quot;, &quot;Avenir Next W00&quot;, &quot;Avenir Next&quot;, Avenir, &quot;Helvetica Neue&quot;, sans-serif; font-size:16px;' target='_blank' rel='nofollow ugc noopener noreferrer'><b>[e-mail]</b></a><span style='font-family:&quot;Avenir Next W01&quot;, &quot;Avenir Next W00&quot;, &quot;Avenir Next&quot;, Avenir, &quot;Helvetica Neue&quot;, sans-serif; font-size:16px;'>. </span></div><div>Date of Coverage: <b>12/2019</b></div><div><b><br /></b></div><div>Data Dictionary: <a href='https://hud.maps.arcgis.com/sharing/rest/content/items/00c131aa730c4466a3112ce53753b3e0/data' target='_blank' rel='nofollow ugc noopener noreferrer'>DD Opportunity Zone Eligible Census Tracts</a><b><br /></b></div>