Opportunity Zones Updates

C53399

Fri, 02/20/2026 - 15:14

Opportunity Zones Updates

Comparison Chart of OZ 1.0 versus OZ 2.0

OZ 1.0

OZ 2.0

OPPORTUNITY ZONES LEGISLATION

Enacted December 22, 2017

July 4, 2025

Duration Expires December 31, 2026; Temporary

Starts January 1, 2027;

Permanent with 10 Year Cycles

OPPORTUNITY ZONES CENSUS TRACTS DESIGNATIONS

OZ Census Tract Designation One-Time Census Tract Designation

Designations every 10 Years

(2027, 2037, 2047, etc.)

Date OZ Census Tracts Designated July 9, 2018

First 10 Year Designation:

Fall/Winter 2026

Date OZ Census Tracts End December 31, 2028

First 10 Year Designation:

December 31, 2036

# of Designated OZ Census Tracts 8,764

To be Determined in 2026

(Estimated ~6,500)

Governor Nomination Criteria Governors could nominate up to 25% of eligible LIC tracts; up to 5% could be non-LIC contiguous tracts meeting ≤ 125% median income criteria

Governors could nominate up to 25% of eligible LIC tracts

"Low Income Community" Definition IRC…