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The Gulf Opportunity Zone Act of 2005 (CRS Report for Congress)

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Release Date Revised Feb. 14, 2006
Report Number RS22344
Report Type Report
Authors Erika Lunder, American Law Division
Source Agency Congressional Research Service
Older Revisions
  • Premium   Dec. 6, 2005 (6 pages, $24.95) add
Summary:

The Gulf Opportunity Zone Act of 2005 (H.R. 4440) was signed into law on December 22, 2005 (P.L. 109-135). The act provides tax benefits to assist in the recovery from Hurricanes Katrina, Rita, and Wilma. Some of its provisions expand several sections of the Katrina Emergency Tax Relief Act (KETRA, P.L. 109-73) to apply to victims of Hurricanes Rita and Wilma. This report summarizes the act's provisions dealing with hurricane relief. For more information on P.L. 109-73, see CRS Report RS22269, Katrina Emergency Tax Relief Act of 2005, by Erika K. Lunder.