Quick Guide
Opportunity Zone Essentials:
Current Benefits & New Legislation
July 2025
Real Estate
On July 4, the president signed the 2025 reconciliation bill (H.R. 1) into law, making certain Opportunity Zone (OZ) program incentives permanent and establishing new parameters set to launch in 2027.1 Meanwhile, the current OZ program continues to offer important benefits.
Key Takeaways:
- Those who invest in an Opportunity Zone fund today may access two key benefits under the current program: tax deferral and tax-free growth.
- H.R. 1 includes several new parameters that will go into effect in 2027, including rolling tax deferral and basis step-up incentives.
- The timeline and requirements for new Opportunity Zone community designations have changed, with additional incentives to support rural communities.
- Congress.Gov. “H.R. 1 – One Big Beautiful Bill Act,” https://www.congress.gov/bill/119th-congress/house-bill/1 Accessed July 17, 2025
The contents herein are not to be construed as tax advice, and each Recipient should consult its own tax advisor in order to make an independent determination of any tax consequences.
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