Share with your friends

Public hearing, proposed regulations for opportunity zones

Public hearing, for opportunity zones

The IRS today announced the cancellation of a public hearing on proposed regulations relating to the opportunity zone measures under section 1400Z-2 concerning capital gains invested in qualified opportunity funds.


Related content

As explained in the IRS release [PDF 82 KB], a new public hearing date on these proposed regulations will be announced once appropriations for the Treasury Department are restored. The new hearing will be scheduled for a date that is at least two weeks after the issuance of the notice announcing the new hearing date.

Read KPMG’s report [PDF 1.34 MB] of initial impressions and observations about the proposed regulations under section 1400Z-2.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal