Notice2026-04492
Community Development Financial Institutions Fund; Announcement Type: Notice of Information Collection and Request for Public Comment
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 6, 2026
Issuing agencies
Treasury Department
Abstract
The U.S. Department of the Treasury, as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and Federal and State agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act (PRA) of 1995, 44 U.S.C. 3506(c)(2)(A). Currently, the Community Development Financial Institutions (CDFI) Fund, Department of the Treasury, is soliciting comments concerning the Opportunity Zone (OZ) Nomination Tool. The OZ Nomination Tool contains online forms submitted through the CDFI Fund's Awards Management Information System (AMIS).
Full Text
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<title>Federal Register, Volume 91 Issue 44 (Friday, March 6, 2026)</title>
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[Federal Register Volume 91, Number 44 (Friday, March 6, 2026)]
[Notices]
[Pages 11126-11127]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-04492]
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DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund; Announcement
Type: Notice of Information Collection and Request for Public Comment
ACTION: Notice and request for public comment.
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SUMMARY: The U.S. Department of the Treasury, as part of a continuing
effort to reduce paperwork and respondent burden, invites the general
public and Federal and State agencies to take this opportunity to
comment on proposed and/or continuing information collections, as
required by the Paperwork Reduction Act (PRA) of 1995, 44 U.S.C.
3506(c)(2)(A). Currently, the Community Development Financial
Institutions (CDFI) Fund, Department of the Treasury, is soliciting
comments concerning the Opportunity Zone (OZ) Nomination Tool. The OZ
Nomination Tool contains online forms submitted through the CDFI Fund's
Awards Management Information System (AMIS).
DATES: Written comments must be received on or before May 5, 2026, to
be assured of consideration.
ADDRESSES: You may submit comments concerning the OZ Nomination Tool
via the Federal eRulemaking Portal at <a href="http://www.regulations.gov">www.regulations.gov</a>. Follow the
instructions on the website for the submission of comments. In general,
all comments will be available for inspection at <a href="http://www.regulations.gov">www.regulations.gov</a>.
Comments, including attachments and other supporting materials, are
part of the public record. Do not submit any information in your
comments or supporting materials that you consider confidential or
inappropriate for public disclosure.
FOR FURTHER INFORMATION CONTACT: Shafron Hawkins, Senior Advisor, CDFI
Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW,
Washington DC 20220, 202-653-0300, or <a href="/cdn-cgi/l/email-protection#443e2b2a212b042720222d6a30362125376a232b32"><span class="__cf_email__" data-cfemail="285247464d47684b4c4e41065c5a4d495b064f475e">[email protected]</span></a>. Other
information regarding the CDFI Fund and its programs may be obtained on
the CDFI Fund website at <a href="https://www.cdfifund.gov">https://www.cdfifund.gov</a>.
SUPPLEMENTARY INFORMATION:
Title: Opportunity Zone Nomination Tool.
OMB Number: 1559-0049.
Abstract: The Tax Cuts and Jobs Act of 2017 (TCJA; Pub. L. 115-97)
created a tax incentive for investors who reinvest eligible capital
gains into Qualified Opportunity Funds (QOFs) that in turn deploy these
resources into certain distressed census tracts in the 50 states, U.S.
Territories, and the District of Columbia (collectively, ``States'')
which may be designated as Qualified Opportunity Zones (QOZs). A QOF is
an investment vehicle that is organized as a corporation or partnership
for the purpose of investing in QOZ property (other than another QOF).
QOZs are certain low-income community (LIC) eligible census tracts
nominated by the States, and certified and designated by the Secretary
of the Treasury (Secretary). Taxpayers who invest in a QOZ can receive
certain tax benefits for their investments as an incentive to improve
economic growth and job creation in underserved communities. Section
70421 of the One Big Beautiful Bill Act (OBBBA, Pub. L. 119-21), signed
into law on July 4, 2025, made the QOZ incentives permanent and,
pertinent to this collection of information, established new dates by
which eligible census tracts may be nominated as a QOZ by the Chief
Executive Officer (CEO) of a State. The designation period for the
first set of new QOZs will begin on July 1, 2026, with additional
rounds of designations to follow every ten years thereafter. New
approved designations will become effective as of January 1, 2027, and
will remain in effect for a similar ten-year period. To take advantage
of this incentive, State CEOs must nominate eligible census tracts for
designation as a QOZ during a 90-day period, subject to a single 30-day
extension period, beginning on July 1, 2026. The Secretary certifies
such nominations and designates the eligible census tract as a QOZ
within 30 days of receiving notice from the CEO that the State has made
its nomination. In response to these statutory requirements, the CDFI
Fund will reinstate the OZ Nomination Tool, which will assist the
Secretary in the certification and designation process.
Estimated Number of Respondents: 56.
Estimated Annual Time per Respondent: 1 hour.
Estimated Annual Burden Hours: 56 hours.
Request for Comments: Comments submitted in response to this Notice
will be summarized and/or included in the request for Office of
Management
[[Page 11127]]
and Budget (OMB) approval. All comments will become a matter of public
record and may be published on <a href="http://Regulations.gov">Regulations.gov</a>. The CDFI Fund is
seeking input on the OZ Nomination Tool. An Overview of the OZ
Nomination Tool Information Collection may be obtained from
<a href="http://www.regulations.gov">www.regulations.gov</a>. Comments are invited on: (a) Whether the
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information shall
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the collection of information; (c) ways to enhance the
quality, utility, and clarity of the information to be collected; (d)
ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology; and (e) estimates
of capital or start-up costs and costs of operation, maintenance, and
purchase of services to provide information.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number.
Authority: Pub. L. 119-21, Pub. L. 115-97.
Dated: March 4, 2026.
Alexandria Smith,
Acting Director, Community Development Financial Institutions Fund.
[FR Doc. 2026-04492 Filed 3-5-26; 8:45 am]
BILLING CODE 4810-70-P
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