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The new One Big Beautiful Bill (OBBBA) made the Qualified Opportunity Zone (QOZ) program permanent, which is big news for the construction industry.

The new One Big Beautiful Bill (OBBBA) made the Qualified Opportunity Zone (QOZ) program permanent, which is big news for the construction industry.

As many might know, “QOZ 1.0” allows deferral of capital gains for capital invested in designated areas until 2026.

Starting in 2027, “QOZ 2.0” will roll out and continue to offer powerful tax breaks for investors and developers who build in low-income and rural areas.

Here are the main changes:

🏗️ Permanent Program: New QOZs will be designated every 10 years — fewer zones, but higher-impact investments.💰 Capital Gains Break: Investors can defer gains for 5 years and get a 10% basis step-up (or 30% for rural projects).🌆 More Build Opportunities: Both existing and new zones will be open for investment through 2028, creating a window for new development capital.

For construction pros, this could mean more funding, more projects, and more revitalization work — especially in communities that need it most.

If your firm handles development, restoration, or design-build work, keep an eye on these zones.