qualified opportunity zone partnership interest
Defined in 1 place of the United States Code.
The term "qualified opportunity zone partnership interest" means any capital or profits interest in a domestic partnership if—
(i) such interest is acquired by the qualified opportunity fund after December 31, 2017, from the partnership solely in exchange for cash,
(ii) as of the time such interest was acquired, such partnership was a qualified opportunity zone business (or, in the case of a new partnership, such partnership was being organized for purposes of being a qualified opportunity zone business), and
(iii) during substantially all of the qualified opportunity fund's holding period for such interest, such partnership qualified as a qualified opportunity zone business.
Source
- 2017–present26 U.S.C. § 1400Z-2Internal Revenue Code · Special rules for capital gains invested in opportunity zones · for purposes of this section