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Federal Tax
The IRS has expanded tax incentives for investments in rural Qualified Opportunity Zones (QOZs) under
the One, Big, Beautiful Bill. Effective July 4, 2025, the substantial improvement threshold for rural QOZ
property is reduced from 100 percent to 50 percent. Rural areas now include locations with populations
under 50,000 and adjacent non-urbanized zones. Of the 8,764 U.S. QOZs, 3,309 are classified as rural.
These changes aim to boost economic growth and job creation in underserved regions by making it
easier for taxpayers to qualify for QOZ benefits. Updated definitions apply across all States, D.C., and
U.S. territories.
The information contained herein is general in nature and is not intended and should not be construed as legal, accounting, or tax advice or opinion provided by Ashmore Consulting LLC to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader’s specific circumstances or needs and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact Ashmore Consulting LLC or another tax professional prior to taking any action based upon this information. Ashmore Consulting LLC assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.
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