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Title 26 — Internal Revenue CodeRelease 119-73

§6039L Information required from qualified opportunity zone businesses and qualified rural opportunity zone businesses

Title 26 › Subtitle Subtitle F— - Procedure and Administration › Chapter CHAPTER 61— - INFORMATION AND RETURNS › Subchapter Subchapter A— - Returns and Records › Part PART III— - INFORMATION RETURNS › Subpart Subpart A— - Information Concerning Persons Subject to Special Provisions › § 6039L

Last updated Apr 6, 2026|Official source

Summary

Every qualifying opportunity zone business must give a written statement to the qualified opportunity fund it is connected to. The Treasury Secretary will set rules for when the statement is due, how to give it, and what it must say. The information helps the fund meet its tax reporting duties. An “applicable qualified opportunity zone business” means a business that is the fund’s trade or business, or one where the fund owns stock or a partnership interest. Words used here that also appear in the tax rules keep the same meanings. The same paperwork rule also covers “qualified rural opportunity” businesses, with “rural” substituted and the rural stock or partnership types treated the same way.

Full Legal Text

Title 26, §6039L

Internal Revenue Code — Source: USLM XML via OLRC

(a)Every applicable qualified opportunity zone business shall furnish to the qualified opportunity fund described in subsection (b) a written statement at such time, in such manner, and setting forth such information as the Secretary may by regulations prescribe for purposes of enabling such qualified opportunity fund to meet the requirements of section 6039K(b)(5).
(b)For purposes of subsection (a), the term “applicable qualified opportunity zone business” means any qualified opportunity zone business—
(1)which is a trade or business of a qualified opportunity fund,
(2)in which a qualified opportunity fund holds qualified opportunity zone stock, or
(3)in which a qualified opportunity fund holds a qualified opportunity zone partnership interest.
(c)Any term used in this section which is also used in subchapter Z of chapter 1 shall have the meaning given such term under such subchapter.
(d)Every applicable qualified rural opportunity zone business (as defined in subsection (b) determined after application of the substitutions described in this sentence) shall furnish the written statement required under subsection (a), applied—
(1)by substituting “qualified rural opportunity” for “qualified opportunity” each place it appears, and
(2)by treating any reference (after the application of paragraph (1)) to qualified rural opportunity zone stock, a qualified rural opportunity zone partnership interest, or a qualified rural opportunity zone business as stock, an interest, or a business, respectively, described in subclause (I) or (II), as the case may be, of section 1400Z–2(b)(2)(C)(i).

Legislative History

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Effective Date

Section applicable to taxable years beginning after July 4, 2025, see section 70421(d)(5) of Pub. L. 119–21, set out as an

Effective Date

of 2025 Amendment note under section 6011 of this title.

Reference

Citations & Metadata

Citation

26 U.S.C. § 6039L

Title 26 — Internal Revenue Code

Last Updated

Apr 6, 2026

Release point: 119-73