Opportunity Zone Legislation

On February 11, 2022, the IRS released Private Letter Ruling (PLR 202206016), addressing whether a taxpayer is qualified for a late regulatory election pursuant to Treas. Reg. §§ 301.9100-1 and

Opportunity Zones were created to help stimulate the economy in low-income and distressed communities. In April 2015, a white paper was issued by the Economic Innovation Group (EIG) titled, “Unlocking