Opportunity Zones Updates C53399 Fri, 02/20/2026 - 15:14 Opportunity Zones Updates Comparison Chart of OZ 1.0 versus OZ 2.0   OZ 1.0 OZ 2.0 OPPORTUNITY ZONES LEGISLATION Enacted December 22, 2017 July 4, 2025 Duration Expires December 31, 2026; Temporary Starts January 1, 2027;  Permanent with 10 Year Cycles OPPORTUNITY ZONES CENSUS TRACTS DESIGNATIONS OZ Census Tract Designation One-Time Census Tract Designation Designations every 10 Years (2027, 2037, 2047, etc.) Date OZ Census Tracts Designated July 9, 2018 First 10 Year Designation:  Fall/Winter 2026 Date OZ Census Tracts End December 31, 2028 First 10 Year Designation:  December 31, 2036 # of Designated OZ Census Tracts 8,764 To be Determined in 2026  (Estimated ~6,500) Governor Nomination Criteria Governors could nominate up to 25% of eligible LIC tracts; up to 5% could be non-LIC contiguous tracts meeting ≤ 125% median income criteria Governors could nominate up to 25% of eligible LIC tracts "Low Income Community" Definition…