Currentfederaltaxdevelopments iconCurrentfederaltaxdevelopmentsSep 10, 2026 ~1 min source read

Treasury Proposes Comprehensive Qualified Opportunity Zone Information Reporting and QOF Certification Regulations: A Technical Analysis for Tax Practitioners

This regulatory package implements new statutory mandates enacted under Section 70421 of Public Law 119-21, 139 Stat. 72 (July 4, 2025), commonly known as the One, Big, Beautiful Bill Act (OBBBA).

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This regulatory package implements new statutory mandates enacted under Section 70421 of Public Law 119-21, 139 Stat.

72 (July 4, 2025), commonly known as the One, Big, Beautiful Bill Act (OBBBA).

Code (Code) and established rigorous information reporting regimes under Code Sec.

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The useful part

This regulatory package implements new statutory mandates enacted under Section 70421 of Public Law 119-21, 139 Stat. 72 (July 4, 2025), commonly known as the One, Big, Beautiful Bill Act (OBBBA). Code (Code) and established rigorous information reporting regimes under Code Sec.

How it works

  • The proposed regulations amend Income Tax Regulations (26 CFR Part 1) under Code Secs.
  • 1400Z-2, 6039K, 6039L, and 6045, as well as Procedure and Administration Regulations (26 CFR Part 301) under Code Secs.
  • Treasury issued these proposed rules pursuant to express delegations of statutory authority under Code Sec.

Details worth keeping

Information Reporting Regarding Qualified Opportunity Zones and Updated Qualified Opportunity Fund Certification and Decertification Procedures, REG-116506-25, RIN 1545-BR82, 26 CFR Parts 1 and 301, 91 FR _ (scheduled for publication Sept. 11, 2026) On September 11, 2026, the Department of the Treasury and the Internal Revenue Service issued Notice of Proposed Rulemaking REG-116506-25 (RIN 1545-BR82), titled Information Reporting Regarding Qualified Opportunity Zones and Updated Qualified Opportunity Fund Certification and Decertification Procedures. 6039L, backed by severe daily assessable penalties under Code Sec.

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