Opportunity Zones: Second Round of Proposed Regulations Are Good News For Renewables, But Refinements Are Needed

Opportunity Zones: Second Round of Proposed Regulations Are Good News For Renewables, But Refinements Are Needed

The amount ultimately recognized may also be reduced by basis step-ups (see below) and if the fair market value of the taxpayer’s OZ Fund interest is lower than the capital gain that the taxpayer …