Opportunity zone - Trucking co - Spidell

Opportunity zone – Trucking co

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Message Board Opportunity zone – Trucking co

  • This topic has 1 reply, 2 voices, and was last updated 1 week, 2 days ago by Mike Giangrande.
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    • #266062

      I have a trucking co that wants to operate in an opportunity zone through an opportunity fund.   I am worried about using the assets outside the opportunity zone and the 70% rule.   Is there some exception for mobile companies?  Thanks

    • #266538
      Mike Giangrande


      You haven’t provided enough information for me to provide an answer to your question, but I can point you to Treasury Regulation section 1.1400Z2(d)-2(d)(4), which discusses the use of property within an opportunity zone.

      Specifically, Treasury Regulation section 1.1400Z2(d)-2(d)(4)(iii) provides a safe harbor for tangible property utilized in rendering services inside and outside of a qualified opportunity zone. You will have to go through the requirements in this regulation to determine if the use of the trucking assets qualifies as use within the opportunity zone.

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