The One Big Beautiful Bill Act (OBBBA) extended the Qualified Opportunity Zone program, allowing taxable gain deferral through investments in Qualified Opportunity Zones (QOZ) beyond December 31, 2026. It also updated the basis step-up rules to make the program permanent and introduced new reporting requirements to better track the QOZ program’s impact.
To read Sean Bryan’s entire article, click below.
The Extension of the Opportunity Zone Program_Gain Deferral.pdf