I am asked quite frequently by consumers where to find information on the Go Zone Act.  Below is a brief overview of the program and some information on some properties that I have identified in the Baton Rouge market that qualifies.  The Go Zone Act is a great opportunty for investors and is definitely worth investigating if you are looking for a tax deduction.  As always, check with a knowledgeable CPA  or tax adviser to make sure you qualify and if you do.....contact me at (888)986-1999 or (225)767-1999 to assist you with procuring your Baton  Rouge investment properties!

The GO Zone Act establishes tax incentives and bond provisions to encourage the rebuilding of local and regional economies devastated by Hurricanes Katrina and Rita. There are provisions geared toward both existing businesses and businesses that are new to the GO Zone area.

The Go Zone Act allows qualifying real and personal property used in the ‘active conduct of a trade or a business'.  Real property  may be allowed an additional depreciation deduction equal to 50% of the depreciable basis for the first year the property is placed in service. Qualifying residential and non-residential real property must be placed in service before December 31, 2008. All other qualifying property must be placed in service before December 31, 2007. Qualified property includes tangible personal property, computer software, water/utility property, leasehold improvement property, and residential and non-residential real property (excluding casinos, liquor stores, golf courses, country clubs, massage parlors, hot tub facilities, sun tanning facilities, and race tracks).

There are some EXCELLENT Go Zone investment opportunities still available and ready to close in December.  I have identified some condos located in the LSU area that are excellent candidates for Go Zone.  They are located on the LSU busline and are ready for occupancy now.  There are a limited number of units available so if you are looking to capitalize on the 2007 Go Zone Tax Credit please contact me TODAY.  You can reach me at (888)986-1999 (225)767-1999 or by email at shannon@judyburkett.com.

I am linking the Official Go Zone Guide.  This is an excellent resource to answer the most common questions.