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18 June 2026

IRS intends to propose regulations under IRC Sections 1400Z-1 and 1400Z-2 related to OBBBA changes to Qualified Opportunity Zones

The Treasury Department and IRS on June 18, 2026, in Notice 2026-40, announce the intent to issue proposed regulations that would implement changes made by the "One Big Beautiful Bill Act" (OBBBA) to IRC Sections 1400Z-1 and 1400Z-2 related to Qualified Opportunity Zones and provide transitional guidance (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: 2026-1313

 

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