IRS Releases Round 2 of Proposed Regulations Clarifying Qualified Opportunity Zone Program– April 17, 2019 by Dave Sobochan

The IRS and the U.S. Department of the Treasury released round two of proposed regulations surrounding the Qualified Opportunity (QO) Zone Program today. The 169-pages of regulations address many areas, including:

  • How businesses headquartered in designated QO Zones may benefit,
  • The timeline for QO Zone Funds to sell qualifying investments and reinvest in other QO Zone investments,
  • Whether triple net leases are active trades or businesses,
  • Whether vacant properties can satisfy the original use test, and more.

This much-anticipated round of proposed regulations aims to help investors take full advantage of the new federal program and should make a big impact in 2019. Look for more comprehensive coverage of the regulations available on our site soon.

Please contact Dave Sobochan at, Adam Hill at or Angel Rice at for further discussion.
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