In this release, the IRS provides procedures for nominating census tracts as Qualified Opportunity Zones beginning January 1, 2027, under changes made by the OBBBA. Learn more in this article.
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ADMINISTRATIVE
Rev. Proc. 2026-14, page 910.
This revenue procedure provides guidance to the Chief Executive Officer (CEO) of any State, of any territory of the United States, and of the District of Columbia regarding the procedure for nominating population census tracts to be designated as qualified opportunity zones (QOZs) effective on January 1, 2027, for purposes of §§ 1400Z-1 and 1400Z-2 of the Internal Revenue Code (Code) , as amended by § 70421 of Public Law 119-21, 139 Stat. 72, 223 (July 4, 2025), commonly known as the One, Big, Beautiful Bill Act (OBBBA).