The National League of Cities (NLC) recently commented on the IRS and U.S. Treasury’s regulations on the Opportunity Zone tax incentives. NLC’s recommendations urged the administration to prioritize communication and coordination between Opportunity Zone investment managers and city leaders, and to improve federal assistance to medium and small cities for the opportunity zone designations within their communities. NLC’s comments can be downloaded on the federal regulations’ website.
The IRS hearing on investing in Opportunity Zones scheduled for January 10 was cancelled as a result of the partial government shutdown.