Senate Finance Committee Proposes Updated and Permanent Qualified . . . The Senate Proposal closely mirrors the House Version in allowing for Rural Qualified Opportunity Fund enhancements, including a 300% increase in the basis step-ups discussed herein (30% maximum total) and a reduction of the substantial improvement requirement for QOZB property from 100% to 50% for rural investments
Senate Finance Committe Releases QOZ Investment Revisions The Senate Proposal closely mirrors the House Version in allowing for Rural Qualified Opportunity Fund enhancements, including a 300% increase in the basis step-ups discussed herein (30% maximum
Summary of select Senate reconciliation bill tax provisions This change allows interest on floor plan financing for such trailers and campers to be deducted Ends the initial qualified opportunity zones designation after December 31, 2026, and establishes a new round of qualified opportunity zone designations through December 31, 2033, “under rules similar to those for the initial designation
Rural America Prepare for Changes to Opportunity Zones: CLA Addressing the shortcomings of OZ 1 0 The original Opportunity Zone program was groundbreaking, but not without flaws The proposed OZ 2 0 framework seeks to address several key concerns: Wealth concentration Critics argued that OZ 1 0 disproportionately benefited wealthy investors rather than the low-income communities it was designed to support
Opportunity Zones Expansion Moves Forward in Senate Tax Bill The proposal introduces Qualified Rural Opportunity Funds These funds gain extra incentives, including a lower “substantial improvement” requirement Instead of improving a property by 100%, rural investors need only meet a 50% threshold Greater Oversight Coming The bill includes new reporting requirements specifically for Opportunity Zones
Senate Reconciliation Bill Would Make Opportunity Zone Tax Incentive . . . Analytical cookies help us improve our website by collecting and reporting usage information You may opt out of analytical cookies by sliding the button to the left You may change your preference at any time by clicking on the cookies icon
Proposed Opportunity Zone Extension Raises Planning Considerations Discover how the new Republican tax reform bill could transform Qualified Opportunity Zones with "QOZ 2 0" changes Learn about the modifications and new reporting requirements Taxpayers had hoped for an extension of this date, and changes are still possible in the Senate Ordinary income: Taxpayers could defer up to $10,000 of ordinary
Explore Tax Incentives of Qualified Opportunity Zones 2025 | CBIZ As approved by the House Ways and Means Committee on May 22, the budget bill includes certain advantageous provisions for investors and creates a “hibernation” period that the Senate may address Current OZs would expire at the end of 2026 A new round of OZ designation, from 2027 to 2033 Stricter income thresholds for eligible census tracts