Treasury releases guidance on 'opportunity zone' program created by Trump tax law

(The Hill)

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The Treasury Department on Friday released proposed rules about the “opportunity zone” program created by President Trump’s tax law, which is designed to help spur new investments in distressed communities.

The guidance is designed to provide investors with information needed to enter into business arrangements in the opportunity zones, Treasury said. Investors and state and local governments who plan to utilize the program had been looking forward to receiving guidance on the program.