§6039L Information Required From Qualified Opportunity Zone Businesses and Qualified Rural Opportunity Zone Businesses

Summary

Every applicable qualified opportunity zone business must give the qualified opportunity fund a written statement. The Secretary will set rules about when to give it, how to give it, and what information to include so the fund can meet the reporting rules in section 6039K(b)(5). "Applicable" means a qualified opportunity zone business that either is the fund's trade or business, or is a business where the fund owns qualified opportunity zone stock or a qualified opportunity zone partnership interest. Words that are defined in subchapter Z keep their same meanings. The same requirements apply to qualified rural opportunity zone businesses, but with "qualified rural opportunity" substituted and with rural stock or partnership interests treated as described in section 1400Z–2(b)(2)(C)(i).