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Does a QOZB have to meet the income requirement test during WCSH period?

Does a QOZB have to meet the four-part income requirement tests during the working capital safe harbor (WCSH) period of its 31- or 62-month business plan?

  • Maria De Los Angeles Rivera
    August 20, 2020

    During the safe harbor period, the business will qualify as a QOZB as long as it complies with the written plan as to the use of the funds. The meeting of the gross income test will also depend on the development or generation of income stage.

  • Matthew Rappaport
    August 09, 2020

    It depends on whether the enterprise is earning income. If so, it must still satisfy the income test. If not, there is no income against which to do the testing.


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