Really big day for business owners yesterday int he revised rules issued by the Treasury – The 2nd round of Opportunity Zone (OZ) [rules](https://www.irs.gov/pub/irs-drop/reg-120186-18-nprm.pdf) released by the Treasury yesterday make it clear that Washington DC understands the way to super charge OZ’s lies in a healthy mix of investments in real-estate and increasing the business foot print by supporting small businesses and new ventures in OZs.
Until this round of rules was released, OZ’s were just another real-estate investment and tax program. That all changed yesterday, when the rules for investing in businesses received tremendous clarity and the Administration made it clear they are focused on businesses.
The updated rules are going to help a lot of businesses. I spent the last 24 hours reading and blogging about the 169 page doc.