Opportunity Zone Tax Break Eligibility Finalized by Treasury
- Final rules aim to provide clarity for investors, Mnuchin says
- Regulations come ahead of year-end deadline for larger tax cut
Photographer: Jeenah Moon/Bloomberg
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Investors looking to reap big tax breaks for putting money into low-income areas are getting clarity on what they can and can’t do as the U.S. Treasury Department finalizes rules governing so-called opportunity zones.
The regulations released by the department on Thursday lay out what property and businesses will qualify for the tax breaks as well as the potential penalties for running afoul of the rules.