| snippet:
|
Section 1400Z–1(b)(1)(A) of the Code allowed the Chief Executive Officer (CEO) of each State to nominate a limited number of population census tracts to be designated as Zones for purposes of §§ 1400Z–1 and 1400Z–2. Revenue Procedure 2018–16, 2018–9 I.R.B. 383, provided guidance to State CEOs on the eligibility criteria and procedure for making these nominations. Section 1400Z–1(b)(1)(B) of the Code provides that after the Secretary receives notice of the nominations, the Secretary may certify the nominations and designate the nominated tracts as Zones.
Section 1400Z–2 of the Code allows the temporary deferral of inclusion in gross income for certain realized gains to the extent that corresponding amounts are timely invested in a qualified opportunity fund. Investments in a qualified opportunity fund may also be eligible for additional tax benefits.
See IRS Notice 2018-48, 2018–28 Internal Revenue Bulletin 9, July 9, 2018, for the official list of all population census tracts designated as QOZs for purposes of §§ 1400Z-1 and 1400Z-2 of the Code.
The following is a list of variables in the shapefile:
CENSUSTRAC=2010 Census tract 11 character number available from US Census Bureau Tiger Line Shapefiles https://www.census.gov/geographies/mapping-files/time-series/geo/tiger-line-file.html
STATE=Name of state
COUNTY=Name of county
TRACT_TYPE=New Markets Tax Credit Low-Income Community (LIC) or Non-Contiguous LIC |
| summary:
|
Section 1400Z–1(b)(1)(A) of the Code allowed the Chief Executive Officer (CEO) of each State to nominate a limited number of population census tracts to be designated as Zones for purposes of §§ 1400Z–1 and 1400Z–2. Revenue Procedure 2018–16, 2018–9 I.R.B. 383, provided guidance to State CEOs on the eligibility criteria and procedure for making these nominations. Section 1400Z–1(b)(1)(B) of the Code provides that after the Secretary receives notice of the nominations, the Secretary may certify the nominations and designate the nominated tracts as Zones.
Section 1400Z–2 of the Code allows the temporary deferral of inclusion in gross income for certain realized gains to the extent that corresponding amounts are timely invested in a qualified opportunity fund. Investments in a qualified opportunity fund may also be eligible for additional tax benefits.
See IRS Notice 2018-48, 2018–28 Internal Revenue Bulletin 9, July 9, 2018, for the official list of all population census tracts designated as QOZs for purposes of §§ 1400Z-1 and 1400Z-2 of the Code.
The following is a list of variables in the shapefile:
CENSUSTRAC=2010 Census tract 11 character number available from US Census Bureau Tiger Line Shapefiles https://www.census.gov/geographies/mapping-files/time-series/geo/tiger-line-file.html
STATE=Name of state
COUNTY=Name of county
TRACT_TYPE=New Markets Tax Credit Low-Income Community (LIC) or Non-Contiguous LIC |
| extent:
|
[[-124.244378000117,32.5490000003306],[-114.57032900002,42.0092420001433]] |
| accessInformation:
|
|
| thumbnail:
|
thumbnail/thumbnail.png |
| maxScale:
|
1.7976931348623157E308 |
| typeKeywords:
|
["ArcGIS","ArcGIS Server","Data","Feature Access","Feature Service","providerSDS","Service"] |
| description:
|
|
| licenseInfo:
|
|
| catalogPath:
|
|
| title:
|
Qualified Opportunity Zones IRS Section 1400Z–2 |
| type:
|
Feature Service |
| url:
|
|
| tags:
|
[] |
| culture:
|
en-US |
| portalUrl:
|
|
| name:
|
Qualified_Opportunity_Zones_IRS_Section_1400Z–2 |
| guid:
|
1D075AF4-1740-40FA-99E7-A075E2D26255 |
| minScale:
|
0 |
| spatialReference:
|
WGS_1984_Web_Mercator_Auxiliary_Sphere |