OVERVIEW OF OZ RULES -

- The OZ program was created by the Tax Cuts and Jobs Act, enacted in December 2017 to help direct economic resources to low income communities, spurring economic growth and job creation.

- The Opportunity Zones program provides three main tax incentives to taxpayers who invest capital gains in a Qualified Opportunity Fund (QOF):

- Temporary Deferral. The taxpayer may defer recognition of eligible capital gains invested into a QOF until the earlier of the date on which the OZ investment is disposed of, or December 31, 2026.