Washington Policymakers Turn to 2020

Posted on January 29, 2020

Lawmakers return to Washington with a possible presidential impeachment trial in the Senate on their minds. But as that process plays out, policymakers are discussing other issues that are important to commercial real estate.

Just before Christmas, officials at the Treasury Department released the final round of regulations governing opportunity zones, the economic development tool designed to spur job creation and economic development in distressed or developing communities. Opportunity zones were created as part of the 2017 Tax Cuts and Jobs Act that NAIOP supported.

The final rules address questions such as:

  • What types of gains may be invested and when?
  • When may gains be excluded from tax after an investment is held for a 10-year period?
  • How can large C Corporations invest in opportunity zones?
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