Section 1400Z–1(b)(1)(A) of the Code allowed the Chief
Executive Officer (CEO) of each State to nominate a limited number of
population census tracts to be designated as Zones for purposes of §§ 1400Z–1 and
1400Z–2. Revenue Procedure 2018–16,
2018–9 I.R.B. 383, provided guidance to State CEOs on the eligibility criteria
and procedure for making these nominations.
Section 1400Z–1(b)(1)(B) of the Code provides that after the Secretary
receives notice of the nominations, the Secretary may certify the nominations
and designate the nominated tracts as Zones.
Section 1400Z–2 of the Code allows the temporary deferral of
inclusion in gross income for certain realized gains to the extent that
corresponding amounts are timely invested in a qualified opportunity fund. Investments in a qualified opportunity fund
may also be eligible for additional tax benefits. To learn more about Qualified Opportunity Zones visit: https://www.cdfifund.gov/opportunity-zones Date of Coverage: 12/2019 Data Dictionary: DD Opportunity Zone Eligible Census Tracts
Creator:
United States. Department of Housing and Urban Development
HUD and the dataset and metadata authors assume no responsibility for the use or misuse of the dataset. No warranty, expressed or implied is made with regard to the accuracy of the spatial accuracy, and no liability is assumed by the U.S. Government in general, the dataset creators or the U.S. Department of Housing and Urban Development specifically, as to the spatial or attribute accuracy of the data.