Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,896,192,496 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

GO-Zone

    0.03 sec.
GO-Zone

Certain named states and counties in the southern United States,as designated in the Gulf Opportunity Zone Act of 2005. This legislation was passed by Congress in the wake of the devastating 2005 hurricane season to provide tax benefits in hurricane-ravaged areas. Among other benefits, improved property purchased and put into use after August 25, 2005, and before January 1, 2009, may have 50 percent of the value of the improvements depreciated in the first year.In addition,demolition expenses may be written off as expenses rather than capitalized,and the Section 179 expense limits were increased dramatically. Neither the properties, nor the investors,need to have suffered any hurricane damage.The program is similar to the now-defunct Liberty Zone tax benefits enacted after 9/11. For more information, see Publication 4492, “Information for Taxpayers Affected by Hurricanes Katrina, Rita and Wilma,” available at the IRS Web site,www.irs.gov.



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Richard Stockley takes criticism of Graham Goode into the go-zone HAS Graham Goode completely lost the plot as a racing commentator?
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.