On Wednesday, April 17, the U.S. Department of the Treasury issued its second round of guidance for the Opportunity Zones program. The latest information helped clarify some issues connected with this tax-incentive program, which had been passed as part of the Tax Cuts and Jobs Act of 2017. The guidance cleaned up questionable topics, ranging from leases, to Qualified Opportunity Zone Businesses (QOZB), to better treatment of land which was, according to Greenberg Glusker’s Schuyler Moore: “a huge issue.”

This article was originally published on Connect Media.