IRS releases guidance on changes to Opportunity Zone provisions made by OBBBA

30 September 2025

The IRS on September 30, 2025, released guidance (Notice 2025-50) on the definition of "rural areas" and the application of the substantial improvement provisions for purposes of changes made to Opportunity Zones by the "One Big Beautiful Bill Act" (OBBBA) (see Tax Alert 2025-1418). A Tax Alert is forthcoming.

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Published by NTD’s Tax Technical Knowledge Services group; Chris DeZinno, legal editor

Document ID: 2025-1966

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