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S. 2761, The GO Zone Bonus Depreciation Extension Act (7 comments ↓ | 3 wiki edits: view article ↓)

S. 2761 would amend the Internal Revenue Code of 1986 to extend the bonus depreciation deduction applicable to the Gulf Opportunity Zone for 2 additional years.

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Alabama, Business investment and capital, Housing finance and home ownership, Income tax deductions, Louisiana, Mississippi, Taxation

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Visitor Comments Comments Feed for This Bill

Keith DuRousseau

November 29, 2009, 5:01pm (report abuse)

This go zone ext bill will create multi million dollar projects in the gulf coast area. Help vote yes

Tim Fontenot

December 3, 2009, 1:00pm (report abuse)

Without the GO-Zone extension, the Gulf Coast will never be rebuilt. And, in light of the massive government spending underway, this is one of the few bills that will be JOB STIMULATIVE..Cost is projected at less than $40 million...vs $787 BILLION in wasted stimulus. Please support this bill.

Marvin Wade

December 18, 2009, 10:01am (report abuse)

This really needs to be explained. With all the contriverisal huge bonuses being given, any bill which allows Tax deductions for BONUSES needs to clarify any possible misunderstandings

David Lawrence

January 25, 2010, 7:13pm (report abuse)

The Go Zone Extension is needed, there is still a need for housing in the Gulf Coast and this is a very enticing code that allows investors to invest in a market they may not otherwise invest in. With the lending market taking a dive the last 2 years investors wanted to buy but couldn’t. While we’re at it 50% Bonus Deprecation should be added to Houston and Galveston which already are Go Zone eligible. Please support

David Lawrence

February 23, 2010, 10:45am (report abuse)

This bill can still be passed retro actively, developers, developments, institutions have put a lot of time, money and resources into rebuilding the areas hit by Katrina, Rita and Wilma. Read these articles to see how congresses ignorance is effecting growth.

http://www.telegram.com/article/20100218/APN/302189284

http://www.housingfinance.com/news/ahf/022210-ahf-HANOs-Troubles-Continue.htm

Ron Smith

March 8, 2010, 7:46pm (report abuse)

I heard on the local news station that the bill had passed the senate on 3/5/10 and was on its way to the house for the final approval. Has anyone else got anymore up to date info?

GPP

March 16, 2010, 5:58pm (report abuse)

Any updates on this?

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