Issue Number: Notice 2026-40
Inside This Issue
Notice 2026-40 announces that the Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) intend to issue proposed regulations regarding qualified opportunity zones (QOZs) under §§ 1400Z-1 and 1400Z-2 of the Internal Revenue Code (Code) , as amended by § 70421 of Public Law 119-21, 139 Stat. 72 (July 4, 2025), commonly known as the One, Big, Beautiful Bill Act (OBBBA), including transitional guidance related to qualifying investments under §§ 1400Z-1 and 1400Z-2, as in effect prior to amendment by § 70421 of the OBBBA (forthcoming proposed regulations). The forthcoming proposed regulations are anticipated to include proposed rules similar to the rules provided in sections 3 through 5 of this notice.
Notice 2026-40 will be in IRB: 2026-28, dated: July 6, 2026.
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