Federal Incentives

50 Bonus Depreciation

• The Gulf Opportunity Zone Act permits businesses to claim an additional first-year depreciation deduction equal to 50% of new capital investments made in the Zone (taken in lieu of tax-exempt financing)
• Applies to property placed in service prior to December 31, 2007 or December 31, 2008 for real property

Gulf Opportunity "GO" Zone Bonds

• The Gulf Opportunity Zone Act will provide private businesses and corporations in Louisiana with the opportunity to finance construction and reconstruction of projects through the issuance of tax-exempt bonds
• Private business owners and corporations may borrow tax-exempt money to cover the costs of acquiring,
  constructing and renovating nonresidential real property located in the GO Zone-Lafayette Parish is included in this zone
• Eligible projects may include, but are not limited to: retail stores, warehouses, manufacturing facilities, industrial parks, office buildings, bank branches, hotels and motels, restaurants, physician office buildings, medical hospitals and clinics

www.gozoneguide.com