Tax
Aug. 1, 2025
New Opportunity Zone rules make program permanent, expand tax incentives
The opportunity zone program is now permanent, and with new rural-focused incentives and stricter eligibility rules, recent reforms reshape how investors can tap into these tax-advantaged areas.
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
According to the
Economic Innovation Group, Qualified Opportunity Zones (QOZs) -- an economic
development tool designed to spur economic investment in distressed communities
by providing tax breaks to investors -- were the first federal development
program to use capital gains tax incentives to drive investment in designated
low-income areas.
D...
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