How could the presidential election outcome affect tax incentives, such as the Opportunity Zone program?
Information on Biden's tax plan is available on his transition page. That said, the Opportunity Zone program is highly bipartisan. Both Trump and Biden intend to continue the program though Biden could look to accelerate reporting requirements and prevent abuses on high income QOZ's.
Both candidates' platforms say they will keep the incentive, so that's good. The Trump administration seems to favor expanding the number of zones. Biden's team favors closer tax reporting and some other guardrails, but the tax mechanics would stay the same. Under Biden, the 2026 capital gains tax rates might be higher, and deferred capital gain is taxed at the prevailing rate in 2026, not the rate at the time the gains were originally realized.
It depends on who wins. Trump wants to make it bigger and better. Biden wants to make sure that people who live in the zones benefit.
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