What happened
On September 22, 2026, the IRS released Notice 2026-55, a request for comments on how it should write rules for the permanent program. It is not a rule. It is the IRS asking the industry what the rules should say.
The topics
- Building and selling single-family homes in a zone
- Changing a working capital plan after it is adopted
- Operating businesses, not just real estate
- The ten-year election and the 30-year rule
- Inclusion events
- Tribal and Alaska Native communities
“OZs are not a real estate program. They’re a business program that real estate people found first.”
Why it matters
Several of these are the questions we hear most from developers and business owners. How the IRS answers them will shape what kinds of projects work under OZ 2.0. Comments are due November 23, 2026. If you have a project these topics touch, tell us about it.
General information, not tax or legal advice. Rules change, and your facts change the answer.