In this Gorfine, Schiller & Gardyn podcast interview, Jesse Caples, Principal, Tax Services at GSG, explains the major updates to the Opportunity Zone (OZ) program introduced through President Trump’s recently signed One Big Beautiful Bill.
Originally created under the 2017 Tax Cuts and Jobs Act, the Opportunity Zone program was designed to encourage investment in low-income communities by offering substantial tax benefits. The One Big Beautiful Bill permanently extends the program and introduces several significant changes that will impact both investors and communities.
In this episode, Jesse provides a clear, practical breakdown of how the updated framework works and what it means for future investments. Following are some of the key discussion points from the interview:
- A high-level overview of what Opportunity Zones are and why they were created. (:39)
- The most important changes investors and businesses should be aware of. (1:30)
- Understanding the new five-year gain deferral and 10% step-up in basis. (3:08)
- The additional tax advantages for rural investments. (4:11)
- Key considerations for investors looking at OZ opportunities in 2025 and beyond. (5:45)
- How GSG helps clients evaluate OZ investments and navigate compliance requirements (6:51)
As Jesse explains, while the Opportunity Zone program continues to encourage capital investment in underserved areas, the revised framework adds new complexity for investors and developers. Strategic planning and tax guidance will be essential for those looking to take advantage of these incentives.
Please contact GSG here to learn more about how we can help you evaluate Opportunity Zone investments and optimize your tax strategy under the new law.
