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TREAS/IRS RIN: 1545-BP03 Publication ID: Fall 2019 
Title: Capital Gains Invested in Opportunity Zones 

This regulation provides rules under new 1400Z-2(e) 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.

Agency: Department of the Treasury(TREAS)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Yes  Unfunded Mandates: No 
EO 13771 Designation: Deregulatory 
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
Action Date FR Cite
NPRM  10/29/2018  83 FR 54279   
NPRM Comment Period End  12/28/2018 
Public Hearing  02/14/2019  84 FR 1014   
Final Action  09/00/2020 
Additional Information: REG-115420-18 (NPRM) Drafting attorney: Kyle Griffin (202) 317-4718 Reviewing attorney: Erika Reigle (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:
Kyle C. Griffin
General Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-4718
Fax:855 576-2338