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Opportunity Zone incentives may soon reach new areas, thanks to a proposed extension through 2033. A key House committee has included major Opportunity Zone reforms in a sweeping tax package, aiming to give investors more time and more places to deploy capital gains for powerful tax advantages. The proposal would allow states to nominate a new round of zones—especially in rural communities—with even stronger incentives, while also tightening eligibility and expanding what kinds of income qualify for OZ investment. In this episode, Kathy Fettke breaks down what's in the bill, how it could reshape the Opportunity Zone landscape, and what investors should consider now as Congress debates the future of this high-impact program.

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Source: https://www.bisnow.com/national/news/opportunity-zones/oz-opportunity-zone-extension-expansion-house-proposal-129324