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The GO Zone

The Gulf Opportunity Zone Act of 2005.

Provider: Coldwell Banker, JME Realty
Feed Type: Informational
[report]

Most recent items from this feed:

GO Zone--the documentation
Read House Resolution 4440 and IRS Publication 4492.
08/21/2008 04:15 PM

The GO Zone Extension
In response to the slow rate of growth in the areas most heavily hit by hurricane, the Gulf Opportunity (GO) Zone Act of 2005 has been extended. GO Zone qualifying real property must meet the following criteria to qualify for the extension.
08/21/2008 04:15 PM

GO Zone Quick Facts

08/21/2008 04:15 PM

GO Zone--Original Use
One of the requirements placed upon properties for GO Zone depreciation is the "original use" clause. According the the HR 4440 explanation, "the original use of the property within the GO Zone must commence with the taxpayer on or after August 28, 2005." The IRS has commented now on what that means.
08/21/2008 04:15 PM


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