October 19, 2019

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October 17, 2019

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Designation of Opportunity Zones

The Tax Cuts and Jobs Act of 2017 allows Governors of each State to nominate eligible census tracts for designation as “qualified opportunity zones.”

Several States, including Missouri and Idaho, have launched portals allowing cities and counties to propose census tracts for inclusion in the nominations. It is expected that other States will roll-out similar portals.

The deadline for Governors to submit their nominations to the US Department of Treasury is March 21, 2018, unless a single 30-day extension is requested.

Additional information can be found on the CDFI Fund’s Opportunity Zone Resource Page, including a map and sortable lists of all census tracts eligible for designation as a qualified opportunity zone.

© 2019 Jones Walker LLP


About this Author

Aileen Thomas, Banking Attorney, Jones Walker Law Firm

Aileen Thomas is a partner in the firm's Business & Commercial Transactions Practice Group in the Jackson office and a member of the firm's board of directors. As a bond attorney, Ms. Thomas regularly serves as bond, underwriter, and trustee counsel for a myriad of clients, including non-profit and public hospitals, institutions of higher learning, local school districts, and national and regional investment banking firms. In addition to her public finance practice, Ms. Thomas assists clients with large economic development and expansion projects, and is actively...