A bill to amend the Internal Revenue Code of 1986 to extend the placed-in-service date requirement for low-income housing credit buildings and bonus depreciation property and the period for rehabilitation expenditures in the Gulf Opportunity Zone.

Summary

Amends the Internal Revenue Code to extend through 2010: (1) the tax credit for certain low income housing property in the Gulf Opportunity Zone, the Rita GO Zone, and the Wilma GO Zone; (2) bonus depreciation for Gulf Opportunity Zone property; and (3) the increase in the tax credit for rehabilitation expenditures for Gulf Opportunity Zone property.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 16 November 2006

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 16 November 2006

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 16 November 2006

  Open at official source

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