{"database": "openregs", "table": "crs_reports", "rows": [["R48952", "Opportunity Zones Round Two Selection Process: Frequently Asked Questions", "2026-05-20T04:00:00Z", "2026-05-22T11:08:37Z", "Active", "Reports", "Anthony A. Cilluffo, Donald J. Marples", "Economic Development, Tax Policy for Economic Development", "The Opportunity Zone program provides tax incentives to taxpayers who invest in certain designated geographic areas. The program was enacted in 2017, as part of P.L. 115-97, and began operations in 2018. It was initially set to expire by the end of 2028; however, the program was permanently extended and amended in 2025 by P.L. 119-21. \nChanges to the program include a new selection round for Opportunity Zones. Most 2018 selections are scheduled to lose their designation at the end of 2028. A new selection round is to choose the areas that are eligible for the tax incentives for the 10-year period from January 2027 through the end of December 2036. \nThe first iteration of the program, from 2018-2028 under the P.L. 115-97 rules, is referred to as \u201cRound One Opportunity Zones.\u201d The new selection round, starting in mid-2026 under permanent rules created by P.L. 119-21, is referred to as \u201cRound Two Opportunity Zones.\u201d\nThis report addresses questions about the upcoming selection process for Round Two Opportunity Zones. ", "https://www.congress.gov/crs_external_products/R/PDF/R48952/R48952.3.pdf", "https://www.congress.gov/crs_external_products/R/HTML/R48952.html"]], "columns": ["id", "title", "publish_date", "update_date", "status", "content_type", "authors", "topics", "summary", "pdf_url", "html_url"], "primary_keys": ["id"], "primary_key_values": ["R48952"], "units": {}, "query_ms": 0.19748101476579905, "source": "Federal Register API & Regulations.gov API", "source_url": "https://www.federalregister.gov/developers/api/v1", "license": "Public Domain (U.S. Government data)", "license_url": "https://www.regulations.gov/faq"}