Last week, the U.S. Department of the Treasury and the IRS released proposed regulations on Opportunity Zones designed to incentivize investment in American communities. The Treasury Department plans on issuing additional guidance before the end of the year after notice and comment.

Below you will find additional information:

• Proposed Implementation Regulations
• List of Qualified Opportunity Zones
• Frequently Asked Questions
• Treasury Press Release
• IRS Press Release

For a link to the Michigan State Housing Development Authority resource page on Opportunity Zones in Michigan, click here.

Jennifer Rigterink is a legislative associate for the League handling economic development, land use and municipal services issues.  She can be reached at [email protected] or 517-908-0305.