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Opportunity Zone Program Gets Renewal — and An Upgrade — With One Big Beautiful Bill Act

By Coni Rathbone
July 31, 2025

The economic development tool and community transformation accelerator — the Qualified Opportunity Zone (QOZ) program — just got a big boost with the One Big Beautiful Bill Act (OBBBA) that was signed into law on July 4, 2025.
For investors, real estate developers, and communities with new incentives now available and the permanent status of the QOZ program, substantial tax benefits and the opportunity to improve disadvantaged areas are welcome news for 2025 and beyond.

Navigating the relevant OBBBA updates with experienced legal counsel and accounting guidance is essential, as the revised regulations also create compliance, reporting and eligibility requirements.

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