The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, permanently extends the Qualified Opportunity Zone program, first enacted under the Tax Cuts and Jobs Act (TCJA) of 2017, with additional incentives, designation guidelines, and reporting requirements beginning January 1, 2027.

Qualified Opportunity Zones (QOZ) are federally certified, economically distressed communities where certain new investments made through a Qualified Opportunity Fund (QOF) can receive preferential tax treatment, including the deferral and possible reduction of eligible capital gains recognized for income tax purposes, as well as the potential to exclude subsequent appreciation of the investment from taxation permanently.

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