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Fact Sheet: President Trump Address of Geographic Inequality by Promoting Opportunity Zones

This fact sheet contains statements from President Donald J. Trump's address of geographic inequality by promoting investment in opportunity zones.

The White House Opportunity and Revitalization Council: Completed Program Targeting Actions

This document reference the Opportunity Zone tax incentive as a powerful tool meant to bring private capital to undeserved communities.

IRS Form 8996: Qualified Opportunity Fund

The IRS Form 8996 is used to clarify that a corporation or partnership is a qualified opportunity fund and to annually report whether the fund met the investment standard during its tax year.

Request for Information on Data Collection and Tracking for Qualified Opportunity Zones

On April 16, 2019, the Department of the Treasury published this Notice and Request for Information to seek public input on the development of public information collection and tracking related to investment in Qualified Opportunity Funds.

IRS Second Set of Proposed Regulations: Investing In Qualified Opportunity Funds, April 2019

April 17, 2019, the Treasury Department released its second set of proposed regulations providing guidance on the Opportunity Zone (OZ) provisions of the Internal Revenue Service Code section 1400Z-2. The second set of proposed regulations address gains that may be deferred as a result of a taxpayer's investment in a qualified opportunity fund (QOF), as well as special rules for an investment in a QOF helf by a taxpayer for at least 10 years.

IRS Second Quarter Update of 2018-2019 Priority Guidance Plan

On April 5, the Department of the Treasury (Treasury) and Internal Revenue Service (IRS) issued their second quarter update to the 2018-2019 Priority Guidance Plan (PGP) which sets forth guidance priorities for the Treasury and the IRS based on public input and deregulatory policies.

House Dear Colleague Letter on FY 2020 HOME Funding

The letter below, signed by 103 Members of Congress, requests support from the House Committee on Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies to restore the HOME Investment Partnerships Program (HOME) with at least $1.5 billion for fiscal year (FY) 2020.

Senate Dear Colleague on FY 2020 HOME Funding

This letter was sent to Chairwoman Susan Collins and Ranking Member Jack Reed of the Senate Subcommittee on Transportation, Housing and Urban Development, and Related Agencies (THUD) in support of the HOME Investment Partnerships Program (HOME).

Senators Rubio and Scott Introduce Legislation to Create Special Disaster Opportunity Zones

On April 3, Senators Marco Rubio (R-FL) and Rick Scott (R-FL) introduced the Disaster Opportunity Zone Act, which would allow governors to nominate areas affected by 2018 hurricanes and California...