The Opportunity Zone program, originally established in 2017 and administered by the U.S. Department of the Treasury, has been renewed and made permanent through U.S. House Resolution 1—the One Big Beautiful Bill Act—passed by Congress in 2025. This updated program, referred to as Opportunity Zone 2.0, will take effect on January 1, 2027. Opportunity Zones are intended to stimulate long-term private investment in low-income urban and rural communities by enabling investors to receive significant federal tax benefits through the reinvestment of capital gains into Qualified Opportunity Funds.
As part of the designation process, community members are invited to nominate eligible census tracts for Opportunity Zone status. Input from individuals with direct knowledge and experience within their communities is a critical component of this effort. Respondents are encouraged to provide as much detail and supporting information as possible to inform the evaluation process.
Due to federal limitations, the State of Oklahoma may designate no more than 25 percent of all eligible census tracts as Opportunity Zones. Submission of this form does not guarantee that a nominated tract will ultimately be selected.
The 2020 census tract boundaries will remain in effect for the full duration of the Opportunity Zone designation period. Any boundary changes resulting from the 2030 census will not be considered.