qualified opportunity zone stock
Defined in 1 place of the United States Code.
Except as provided in clause (ii), the term "qualified opportunity zone stock" means any stock in a domestic corporation if—
(I) such stock is acquired by the qualified opportunity fund after December 31, 2017, at its original issue (directly or through an underwriter) from the corporation solely in exchange for cash,
(II) as of the time such stock was issued, such corporation was a qualified opportunity zone business (or, in the case of a new corporation, such corporation 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 stock, such corporation 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