SECTION 5. PROCEDURE

.01 The Treasury Department is developing a nomination tool, which will be accessible online and available for the benefit of State CEOs that are making nominations of census tracts for designation as 2027 QOZs (Nomination Tool).

.02 Further information on the nomination process under § 1400Z-1, including how to access the online Nomination Tool, will be sent individually to each of the State CEOs.

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.03 State CEOs are permitted to nominate a population census tract within their State to be certified and designated as a QOZ for the QOZ designation period beginning January 1, 2027, and ending on December 31, 2036, and may make or modify such a nomination during the determination period (including extensions). Any request to modify such a nomination after October 28, 2026, will be denied. Instructions on how to make and modify nominations will be included with the information sent to each of the State CEOs.

.04 Data set limitations . While the Appendix to this revenue procedure and the Information Resource provide a list of population census tracts that are eligible for nomination as a QOZ, there may be population census tracts that could be eligible for nomination as a QOZ that do not appear on this list. The Secretary will consider a State CEO’s nomination of a population census tract not listed in the Appendix or Information Resource to the extent that the nomination is accompanied by a detailed analysis, including current data collected at the census tract level,

demonstrating the nominated population census tract satisfies the requirements under § 1400Z-1(c)(1).