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ABOUT THE GO ZONE:
 President Bush signed the “GO ZONE ACT” on December 21, 2005.
If eligible, this incentive allows investors to claim an additional first-year depreciation deduction equal to 50% of the cost of new property investments made in the Zone. The effects of the act can be seen clearly as rebuilding continues.
"Housing is our number one issue, no doubt about it, particularly if you consider there are going to be 30,000 casino employees by 2010. Every casino job creates 1.5 ancillary jobs. We need 70,000 housing units just to get to square one. The truth of the matter is we're going to need 100,000-plus housing units."
-Ricky Mathews, Vice Chairman of the Governor's Commission on Recovery, Rebuilding, and Renewal 
Want to see the tax break in action? Check out our Tax Example to see how much you could save! Also, check out this wonderful executive summary on the GO Zone Act, located here. Finally, visit this link for answers about bonus depreciation, directly from the IRS.
MSNBC predicts that Hancock County Mississippi is "...poised to morph into the biggest residential construction boom the county has ever seen."
** Gulfport-Biloxi Ranked 6th in Nation in appreciation! ** - reiconferences.com For more information on
this opportunity to help Mississippi rebuild, view our opportunity packet. For the GO Zone application, please click here.
Mississippi is also giving opportunities to small-scale rental property owners by offering the Small Rental Assistance Program. This program was designed to ensure the presence and encourage the development of affordable rental housing in Hancock, Harrison, Jackson and Pearl River Counties. For more information on the program, view the guidebook and frequently asked questions regarding the program. If you would like to apply for this opportunity, download the Small Rental Assistance application.
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