Opportunity Zones in Transition

What to know before the 2026 deadline and why Puerto Rico is positioned differently than any other U.S. jurisdiction.

What changes after 2026 and

what it means for your capital gains

The Opportunity Zone (OZ) program is now a permanent part of the tax code, but the details matter more than ever. The mid-2026 federal redesignation will significantly shrink the map of eligible census tracts, limiting the number of qualifying zones and increasing competition for viable projects. Currently, nearly 95% of Puerto Rico qualifies as an OZ, making it a uniquely compelling location to act before the original capital gains deferral window closes on December 31, 2026.

This report was written by Monllor Capital Partners, a private equity firm focused exclusively on tax-advantaged investing in Puerto Rico. Whether you're evaluating OZ investing for the first time or advising clients with gains to deploy, this report covers how the federal and local incentive stack works and what's changing under the new legislation.

A 15-page investor

report covering:

Current OZ rules and the 2026 deferral deadline
How Act 60 layers with federal OZ benefits, including a $9.43M example
What the new QROF means for rural investors (30% basis step-up)
How the mid-2026 redesignation will shrink the current eligible footprint
Utilizing Act 60 to access up to 40% in tax credits and a reduced 4% corporate tax rate
Pre-2027 vs. post-2027 investment strategies
Rural vs. urban designation strategy under OZ 2.0
Compliance requirements and reporting under the new law

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You can download and read the report regardless. However, investment opportunities through Monllor Capital Partners are available to accredited investors only.

Who wrote this report?

Monllor Capital Partners, a minority-owned alternative asset management and advisory firm managed by Jose A. Torres and Shawn L. Hanson. MCP invests in renewable energy, real estate and infrastructure, and sustainable businesses in Puerto Rico.