On April 6, 2026, the Treasury Department and the Internal Revenue Service released guidance for chief executive officers of states, the District of Columbia, and U.S. territories on how to nominate census tracts for qualified opportunity zone status under the One, Big, Beautiful Bill. The guidance, published in Revenue Procedure 2026‑12, identifies 25,332 low‑income census tracts that may be nominated, including 8,334 that are entirely rural. Eligible tracts are limited to no more than 25 % of a state’s low‑income tracts, or all if fewer than 25. Nomination will begin July 1, 2026, and last 90 days, with the Treasury certifying designations that take effect January 1, 2027. Online tools will be provided to assist nominees, and further guidance on rural QOZ investments is available through Notice 2025‑50.
Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.