Title 26 — Internal Revenue Code
Part III · Chapter 61 — Information and Returns
§ 6039L. Information required from qualified opportunity zone businesses and qualified rural opportunity zone businesses
Statutory text
In general
Every applicable qualified opportunity zone business shall furnish to the qualified opportunity fund described in subsection (b) a written statement at such time, in such manner, and setting forth such information as the Secretary may by regulations prescribe for purposes of enabling such qualified opportunity fund to meet the requirements of section 6039K(b)(5).
Applicable qualified opportunity zone business
For purposes of subsection (a), the term “applicable qualified opportunity zone business” means any qualified opportunity zone business—
which is a trade or business of a qualified opportunity fund,
in which a qualified opportunity fund holds qualified opportunity zone stock, or
in which a qualified opportunity fund holds a qualified opportunity zone partnership interest.
Other terms
Any term used in this section which is also used in subchapter Z of chapter 1 shall have the meaning given such term under such subchapter.
Application to qualified rural opportunity businesses
Every applicable qualified rural opportunity zone business (as defined in subsection (b) determined after application of the substitutions described in this sentence) shall furnish the written statement required under subsection (a), applied—
by substituting “qualified rural opportunity” for “qualified opportunity” each place it appears, and
by treating any reference (after the application of paragraph (1)) to qualified rural opportunity zone stock, a qualified rural opportunity zone partnership interest, or a qualified rural opportunity zone business as stock, an interest, or a business, respectively, described in subclause (I) or (II), as the case may be, of section 1400Z–2(b)(2)(C)(i).
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 119–21 title VII § 70421(d)(1) · 139 Stat. 229
Enacted · 26 U.S.C. § 6039L
(Added Pub. L. 119–21, title VII, § 70421(d)(1), July 4, 2025, 139 Stat. 229.)
Unresolved: Pub. L. 119–21 was not found in the local Statutes at Large index.
Source evidence
Code source credit
(Added Pub. L. 119–21, title VII, § 70421(d)(1), July 4, 2025, 139 Stat. 229.)
0 of 1 references resolved to an enrolled provision · 1 unresolved
Statutory Notes and Related Subsidiaries
Effective Date
Section applicable to taxable years beginning after , see section 70421(d)(5) of Pub. L. 119–21, set out as an Effective Date of 2025 Amendment note under section 6011 of this title.
Credits
(Added Pub. L. 119–21, title VII, § 70421(d)(1), , 139 Stat. 229.)