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TREAS/IRS | RIN: 1545-BP03 | Publication ID: Spring 2019 |
Title: Capital Gains Invested in Opportunity Zones | |
Abstract:
This regulation provides rules under new 1400Z-2(c) of the Internal Revenue Code relating to gains that may be deferred as a result of a taxpayer’s investment in a qualified opportunity fund. Specifically, the proposed regulation addresses what type of gains may be deferred by investors, and how the investors may elect deferral of the gain. This regulation applies to QOFs qualified opportunity funds, and includes rules for self-certification, valuation of a QOF’s assets. |
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Agency: Department of the Treasury(TREAS) | Priority: Economically Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Yes | Unfunded Mandates: No |
EO 13771 Designation: Regulatory | |
CFR Citation: 26 CFR 1 | |
Legal Authority: 26 U.S.C. 7805 Pub. L. 115-97, sec. 13823 26 U.S.C. 1400Z-2(c) |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-115420-18 (NPRM) Drafting attorney: Erika Reigle (202) 317-7006 Reviewing attorney: Shareen Pflanz (202) 317-7006 Treasury attorney: Michael Novey (202) 622-1339 CC:ITA:B05 | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Erika C. Reigle General Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Washington, DC 20224 Phone:202 317-7006 Fax:855 576-2339 Email: erika.c.reigle@irscounsel.treas.gov |