In a long-awaited act, the Treasury has released its second set of proposed opportunity zones regulations. While opportunity zones have gotten a lot of attention for their exciting potential benefits, the lack of complete guidance has prevented many investors and developers from fully moving forward. However, these proposed regulations answer many lingering questions and provide greater clarity. Below we summarize what you need to know about the key updates. Because the facts and circumstances of every investor are different, the summary below should not be considered legal or tax advice and should not be solely relied upon in making decisions on opportunity zone properties, businesses and funds. Please seek out our assistance directly before moving forward with any opportunity zone investments. Click to read more at www.mrej.com.