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

Summary

Every applicable qualified opportunity zone business must give a written statement to the qualified opportunity fund named in subsection (b). The Secretary will make rules that say when the statement is due, how to give it, and what information it must include so the fund can meet the requirements of section 6039K(b)(5). An "applicable qualified opportunity zone business" is a business that is the trade or business of a qualified opportunity fund, or one where the fund owns qualified opportunity zone stock or a qualified opportunity zone partnership interest. Words used here mean the same as in subchapter Z. The same duty applies to qualified rural opportunity zone businesses, but with "qualified opportunity" replaced by "qualified rural opportunity" and with rural stock, interest, or business treated as the types listed in subclause (I) or (II) of section 1400Z–2(b)(2)(C)(i).