If you’re a high-net-worth investor sitting on significant unrealized capital gains, September 30, 2025, may prove to be one of the most important dates you didn’t know about.
That’s when the IRS and Treasury Department issued Notice 2025-50, providing the first concrete guidance on the permanent opportunity zone program signed into law in July as part of the One Big Beautiful Bill Act.
The headlines tell only part of the story. Yes, the opportunity zone program is now permanent. Yes, there’s a new emphasis on rural investment.
