Notice2026-09437
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Opportunity Zones Nomination Tool
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
May 12, 2026
Issuing agencies
Treasury Department
Abstract
The Department of the Treasury will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on this request.
Full Text
<html>
<head>
<title>Federal Register, Volume 91 Issue 91 (Tuesday, May 12, 2026)</title>
</head>
<body><pre>
[Federal Register Volume 91, Number 91 (Tuesday, May 12, 2026)]
[Notices]
[Page 26249]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-09437]
[[Page 26249]]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Opportunity Zones Nomination Tool
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice of information collection; request for comment.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury will submit the following
information collection request to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, on or after the date of publication of this
notice. The public is invited to submit comments on this request.
DATES: Comments should be received on or before June 11, 2026 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Spencer W. Clark by emailing <a href="/cdn-cgi/l/email-protection#baeae8fbfacec8dfdbc9cfc8c394ddd5cc"><span class="__cf_email__" data-cfemail="4414160504303621253731363d6a232b32">[email protected]</span></a>, calling
(202) 927-5331, or viewing the entire information collection request at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION: Community Development Institutions Fund
(CDFI)
1. Title: Opportunity Zones Nomination Tool.
OMB Control Number: 1559-0049.
Type of Request: Reinstatement with change of a previously approved
collection.
Description: 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. Newly
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.
Form: Opportunity Zone Nomination Tool.
Affected Public: State, Local and Tribal Governments.
Estimated Number of Respondents: 56.
Frequency of Response: Once.
Estimated Total Number of Annual Responses: 56.
Estimated Time per Response: 1 Hour.
Estimated Total Annual Burden Hours: 56.
(Authority: 44 U.S.C. 3501 et seq.)
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2026-09437 Filed 5-11-26; 8:45 am]
BILLING CODE 4830-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on May 12, 2026.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.