Archive: April 22, 2019

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OZ Flash: Newly Issued Proposed Regulations and the President’s Remarks are a Boon to the OZ Incentive

OZ Flash: Newly Issued Proposed Regulations and the President’s Remarks are a Boon to the OZ Incentive

By Mary Burke Baker, Adam J. Tejeda, Olivia S. Byrne, Elizabeth C. Crouse, Edward Dartley, and Cary J. Meer

Yesterday, the Treasury Department rolled out proposed Opportunity Zone (“OZ”) regulations (the “Proposed Regulations”) and President Trump noted the progress made by his Opportunity and Revitalization Council to eliminate barriers to OZ investments. The administration is clearly all in on maximizing the number of businesses and projects that will qualify for OZ benefits.

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