Investors Boosted by Late Changes to Opportunity Zone Rules (1)

Officials packed more investor-friendly text into the second batch of proposed rules for the 2017 tax overhaul’s opportunity zone tax breaks during the nearly five weeks the package spent at the White House’s regulatory review office.

The proposed rules now include language that would offer more flexibility for investors, building on guidance that already gave them some wiggle room when setting up their funds and making sure they stay within the tax incentive’s guardrails, according to an earlier, pre-publication version of the document obtained by Bloomberg Tax.

The proposed rules (REG-120186-18), released April 17, would provide guideposts for ...