Go Zone Extension For 2010
March 28, 2009, Writen by: Chris Anderson, Ph.D
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There is still a lot of confusion about when does GO Zone benefits end, especially for real estate investors.
Bottom line is that in certain locations in Mississippi and Louisiana, you can claim bonus depreciation benefits through 2010. In Mississippi, the eligible counties are:
- River;
- Stone;
- Hancock;
- Harrison; &
- Jackson.
For Louisiana, there is a much longer list of parishes including:
- Calcasieu;
- Cameron;
- Orleans;
- Plaquemines;
- St. Bernard; and
- St. Tammany.
In Alabama, no addition counties will remain open for bonus depreciation or GO Zone benefits after 2008.
The American Institute of Certified Public Accountants has published a handy guide that really summarizes all the rules, dates and locations. Click here to get their PDF report.
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