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OZ 2.0 can turn the tax bill into your next investment.

Presidio County commissioners in far West Texas voted to apply for an Opportunity Zone designation to draw private investment to the rural border county through federal capital-gains tax incentives. As county officials noted, the designation brings no direct grant money and requires no local tax abatement or county funding — the benefit flows to investors who deploy capital gains through qualified opportunity funds into the designated tracts. Texas' new OZ 2.0 designations take effect January 1, 2027 and run for 10 years. The vote came alongside the county's extension of a local disaster declaration tied to New World screwworm concerns.

Wyoming's Opportunity Zones 2.0 Working Group, convened by Governor Mark Gordon, will host a public webinar on July 14 (noon to 1 p.m. MDT, via Zoom) to walk stakeholders through the differences between the legacy OZ 1.0 program and the new OZ 2.0 framework and to gather input on the state's census-tract selections. The session, led by Connor Christensen of the Wyoming Business Council and Seth Ulvestad from the governor's office, targets county commissioners, mayors, tribal leaders, economic developers, and project sponsors, and will cover the tightened federal income thresholds, the enhanced rural incentive, and infrastructure data collection. It lands as the federal nomination window opens July 1, with states' recommendations due to the U.S. Treasury by September 28, 2026.

The Butte County Board of Supervisors voted to recommend Census Tract 24-02, running from Berry Creek east to the county line, for nomination under California's Opportunity Zones 2.0 program. Deputy Chief Administrative Officer Katie Simmons said the move is meant to spotlight the wildfire-affected Berry Creek area for private investment from corporations and individuals with capital gains to redeploy. County staff had also floated eligible rural tracts in Magalia and Butte Valley, but supervisors advanced Tract 24-02. California local governments have until July 25 to submit recommendations to the Governor's Office of Business and Economic Development (GO-Biz); designations would take effect January 1, 2027.