Status Update on OZ Proposed Regulations

Williams Mullen
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Williams Mullen

On Wednesday, October 17, 2018, the Office of Information and Regulatory Affairs of the Office of Management and Budget completed its review of the proposed qualified opportunity zone (“OZ”) regulations and sent them back to the Treasury Department and the Internal Revenue Service for release and publication.  We anticipate that these proposed regulations will be available very soon.  Once released, Williams Mullen will review the OZ regulations and provide updates on the impacts of such guidance on OZ projects and investments.

 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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