Project 2025 Tracker / What’s done, what’s next

21. Department of Commerce · Notable

Build on the Opportunity Zones program

Done

683 21. Department of Commerce

“Building on the initial success of Opportunity Zones, which incentivized over $75 billion in private sector investment in distressed communities by the end of 2020 with little up-front cost to the taxpayer.”

What has happened

  1. Done

    P.L. 119-21 sec. 70421, 'Permanent renewal and enhancement of opportunity zones', made the Opportunity Zones designation permanent — recurring ten-year designation rounds from 1 January 2027 instead of a single expiring 2017 round — and enhanced the incentive, rewriting the gain-deferral rules of 26 U.S.C. 1400Z-2 and adding a rural Opportunity Zone track. The program the Quote asked to build on has been built on and made permanent.

Research log

What was searched, and what didn’t count as evidence

Research notes

done on §3’s test: the object is in the asked-for state, delivered by the instrument that could deliver it. The enacted text was read at https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm; sec. 70421 sits in the “Permanent investments in community development” subtitle alongside the permanent low-income housing and new markets credits, and the operative amendments to 26 U.S.C. 1400Z-1 and 1400Z-2 were read in place.

This is the only ask in this chapter’s lower tiers that Congress delivered. The Quote is phrased as “building on the initial success of Opportunity Zones”, which is an expansion ask rather than a Requires-Congress ask in the frontmatter — but the instrument was congressional, and the four-rung ladder gives the same answer: enacted equals done.

Action
expand
Object
Opportunity Zones
ID
1901