Treasury, IRS Announce Opportunity Zones Designations for Over 6,500 Communities Across America

Treasury, IRS Announce Opportunity Zones Designations for Over 6,500 Communities Across America

The Working Families Tax Cuts Created a Permanent Process for States to Direct More Capital to Overlooked Communities

WASHINGTON – The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today announced the Qualified Opportunity Zone (QOZ) designations for all 50 states, territories, and the District of Columbia.

Under President Trump’s Working Families Tax Cuts, the Opportunity Zone tax incentive was permanently renewed, enhanced incentives for investment in eligible rural communities were added, and a process was established for redesignating zones every ten years. The new QOZ designations will become effective on January 1, 2027, and retain this designation for ten years.

“Under President Trump’s leadership, the Working Families Tax Cuts permanently renewed and strengthened Opportunity Zones, giving investors, entrepreneurs, and local leaders the long-term certainty they need to commit capital to communities that have been overlooked for too long,” said Treasury Secretary Scott Bessent. “Today’s announcement of the new designations will help direct private investmen...