In 2005, Hurricanes Katrina, Rita, and Wilma devas

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Gulf Opportunity Zone: States are Allocating Federal Tax Incentives to Finance Low Income Housing and a Wide Range of Private Facilities

In 2005, Hurricanes Katrina, Rita, and Wilma devas

Our Price: $30.00

By Michael Brostek (au)
Year: 2008
Pages: 57
Binding Paperback

Product Code: 1437907946

Description

In 2005, Hurricanes Katrina, Rita, and Wilma devastated the Gulf Coast, destroying wide swaths of housing, key infrastructure, and numerous private bus. In response, Congress passed the Gulf Opportunity (GO) Zone Act of 2005 which provided tax incentives to individuals and bus. in certain disaster areas. This report reviews how state and local governments allocated and used fed. tax incentives in the act and subsequent legislation: (1) identifies tax incentives in the GO Zone Act and subsequent legislation for which state and local governments have allocation and oversight responsibilities; (2) describes the procedures state governments use in allocating the tax incentives; and (3) describes how tax incentives have been allocated and for what purposes. Illus.

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