Wolf Bay Village: GO Zone

The Gulf Opportunity Act of 2005 ("GO ZONE" act) was passed by Congress to help the affected counties rebuild after Hurricanes Katrina, Rita, and Wilma. The GO Zone Act provides investors and developers with tremendous tax incentives. The GO Zone Act provides bonus depreciation incentives allowing you to literally write off hundreds of thousands of dollars, while still turning profits on the property.

EXAMPLE
The Program allows for a significant acceleration of the normal depreciation deduction by allowing a bonus depreciation deduction in the first year. Qualified GO Zone Property is placed in service equal to 50% of its cost, in addition to the normal depreciation deduction for the balance of such costs.

*Consult your tax consultant as to your ability to capitalize on 50% first year depreciation and your ability to use this deduction over 5 years.