Where can I get information related to Gulf Opportunity Zone Act of 2005 and the Katrina Emergency Tax Relief Act of 2005?
The Gulf Opportunity Zone Act of 2005, in general, expands the provisions of the Katrina Emergency Tax Relief Act of 2005 to those affected by Hurricanes Rita and Wilma as well as Katrina. These two new laws provide certain tax breaks to help victims of the storms. The new laws alter the tax code to help individuals who suffered losses as a result of the hurricanes and to make it easier for individuals and companies to engage in charity to benefit those affected by the hurricanes. More information is available at Fact Sheet 2006-12, Tax Law Changes Related to Hurricanes Katrina, Rita and Wilma, and the KETRA page.
Related Questions
- Where can I get information related to Gulf Opportunity Zone Act of 2005 and the Katrina Emergency Tax Relief Act of 2005?
- Are there any petroleum-cleanup deductions under the GO Zone Act not allowed under the Brownfields Tax Incentive?
- How does the Gulf Opportunity Zone Act complement the Brownfields Tax Incentive?
