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Opportunity Zones Rural Development

Troutman Pepper Locke

The OBBB Renews and Makes Permanent Qualified Opportunity Funds

Troutman Pepper Locke on

On July 4, 2025, President Trump signed the “One Big Beautiful Bill Act” (OBBB), H.R. 1, into law. The OBBB extended and made permanent the general qualified opportunity fund (QOF) legislative framework for investments in...more

Ballard Spahr LLP

Tax Impact of the OBBBA: What the New Budget Law Means for Housing and Real Estate

Ballard Spahr LLP on

President Trump’s budget permanently extends numerous provisions of the Internal Revenue Code from the Tax Cuts and Jobs Act (TCJA) of 2017 scheduled to expire at the end of 2025 and includes several changes that will have...more

Burr & Forman

Potential Tax Benefits for Investments in Qualified Rural Opportunity Funds

Burr & Forman on

Among other benefits for multi-family investors, the Small Business Jobs Act provides enhanced capital gains tax savings for investments in qualified rural opportunity funds (QROF) by (i) a temporary deferral from the...more

Troutman Pepper Locke

Proposed Legislation Would Add Rural Opportunity Zones

Troutman Pepper Locke on

In April 2022, opportunity zone (OZ) legislation — H.R. 7467 or the Opportunity Zones Improvement, Transparency and Extension Act — was introduced, but not enacted. Among other items, that legislation included proposals to...more

Farrell Fritz, P.C.

Opportunity Zones: Opportunities for Whom?

Farrell Fritz, P.C. on

On December 22, 2017, Congress enacted the Tax Cuts and Jobs Act of 2017 (the “Tax Act”). The law created a new incentive to encourage long-term investment in the nation’s low-income areas. If a taxpayer invests eligible...more

Harris Beach Murtha PLLC

Municipalities have new Opportunity to Rehab Distressed Areas

As we highlighted in a March 19, 2018 blog, the Opportunity Zones federal program establishes Opportunity Zones, or low-income census tracts, to boost private investment in under-served urban and rural communities. These...more

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