Treasury Seeks Input on Opportunity Zone Nomination Tool
Published Date: 3/6/2026
Notice
Summary
The Treasury Department wants your thoughts on their online Opportunity Zone Nomination Tool, which helps pick special low-income areas for investment. This is part of a plan to cut down on paperwork and make the process smoother for communities and agencies. If you want to share your ideas, send them by May 5, 2026—this could shape how money flows into neighborhoods that need it most!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Opportunity Zone Incentives Made Permanent
The One Big Beautiful Bill Act (signed July 4, 2025) made the Qualified Opportunity Zone (QOZ) tax incentives permanent. Taxpayers who invest eligible capital gains into Qualified Opportunity Funds (QOFs) that invest in designated low-income census tracts can receive certain tax benefits under this permanent program.
Reinstated OZ Nomination Tool and Timeline
The CDFI Fund will reinstate the online Opportunity Zone (OZ) Nomination Tool in its Awards Management Information System to assist the Secretary in certification and designation of QOZs. The notice requests public comments by May 5, 2026; estimates 56 respondents with 1 hour each; and notes State CEOs must nominate eligible census tracts during a 90-day period beginning July 1, 2026 (with one 30-day extension), with new designations effective January 1, 2027 and recurring every ten years.
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