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Treasury, IRS Announce Over 6,500 New Opportunity Zone Areas

Andrew D. Appleby
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Erin Schilling (Bloomberg Law): Treasury, IRS Announce Over 6,500 New Opportunity Zone Areas

The Treasury Department and IRS Thursday announced the areas eligible for the expanded opportunity zone tax break.

There are 6,576 census tracts in the program, which aims to encourage investments in economically distressed areas. Investors receive extra tax benefits for funding projects in those census tracts, which are designated for 10 years.

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About the Author

Andrew D. Appleby Avatar
Andrew D. Appleby
Andrew Appleby is an Associate Professor of Law at the University of Tennessee Winston College of Law. He has particular expertise in state and local taxation, taxation of the digital economy, sports taxation, and applied tax policy. Prior to joining academia, he practiced multistate tax law at leading law firms for a decade, and he now co-authors the State Taxation treatise with Prof. Walter Hellerstein.
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