Opportunity Zone Tax Break Eligibility Finalized by Treasury

December 20, 2019

Investors looking to reap big tax breaks for putting money into low-income areas are getting clarity on what they can and can’t do as the U.S. Treasury Department finalizes rules governing so-called opportunity zones. The regulations released by the department on Thursday lay out what property and businesses will qualify for the tax breaks as well as the potential penalties for running afoul of the rules.