Treasury to Combine Two Sets of Opportunity Zone Rules (1)

The Treasury Department intends to merge its two sets of proposed opportunity zone regulations into one set of final rules, an official said.

“We plan to combine the two sets of proposed regulations into one set of final regulations and we hope to get that done by the end of the year,” said Dan Kowalski, counsel to Treasury Secretary Steven Mnuchin, at a National Association of Local Housing Finance Agencies conference in Washington.

• Kowalski added that a tax form for reporting the tax-advantaged investments will be released “soon.” GOP lawmakers removed reporting requirements for the incentives from the ...