October 2022
Nearly five years ago, a tax reform bill created a program intended to spur investment in distressed areas known as Qualified Opportunity Zones (QOZs). The success of this program has been difficult to gauge. A bipartisan bill now pending in Congress, the Opportunity Zones Transparency, Extension, and Improvement Act (OZTEIA), will make changes to the program in ways that will hopefully renew interest in QOZs and get money flowing into areas that need it.
