California Opportunity Zones

The Opportunity Zones (OZ) program is a federal tax incentive established by the 2017 Tax Cuts and Jobs Act (TCJA) to encourage investment in economically distressed communities. Investments made by individuals through special funds in these zones would be allowed to defer or eliminate federal taxes on capital gains. The One, Big, Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, as Public Law 119-21, made the OZ program permanent with 10-year redesignation cycles and introduced structural changes, including stricter criteria for future OZ designations.

The Opportunity Zones 2.0 designation process is currently underway. Existing Opportunity Zones (OZ 1.0) remain in effect through December 31, 2028, while new Opportunity Zones (OZ 2.0) designations become effective January 1, 2027. For more information on California's OZ 2.0 nomination process, visit the GO-Biz Opportunity Zones website.

Additional federal guidance and resources are available on the U.S. Department of the Treasury Opportunity Zones website.

Opportunity Zones 2.0

Opportunity Zones 1.0

Mapping Tools

  • Determine if a property address is located within the boundaries of an Opportunity Zone by using the U.S. Department of Treasury CDFI Fund's NMTC Public Viewer. (www.cimsprodprep.cdfifund.gov).
  • CPBS has produced an interactive map (properties.zoomprospector.com) containing Opportunity Zones and other features such as hazard zones, electric utility coverage, and broadband access.

Documents

  • Click here for an Excel workbook containing a list of the designated tracts for California.
  • Click here to download a large, non-interactive map (28 inches x 40 inches) of the designated tracts for California.
  • Click here to download a shapefile for the designated opportunity zone tracts. (Note: you must have ArcGIS, QGIS or some other GIS software to view these files.)
  • Click here to download a KML file for the designated opportunity zones tracts that can be viewed in Google Earth.