s 49672 1205380800 false 1205380800 2757 404 110 400418

3/13/2008--Introduced.<br/>Amends the Internal Revenue Code to: (1) extend through 2010 increased depreciation allowances for certain business and investment property located in the Gulf Opportunity Zone (GO Zone) (through 2011 for nonresidential real property or residential rental property in the GO Zone); (2) extend through 2012 special rules relating to the depreciation of buildings in the GO Zone; (3) extend through 2010 the tax credit for rehabilitation expenditures in the GO Zone; (4) increase the new markets tax credit limitation in 2008 and 2009 for investments in community development entities serving the GO Zone; (5) extend through 2012, and increase the authority for, tax-exempt bond financing for bonds issued by Louisiana or a political subdivision thereof; (6) authorize the Secretary of Housing and Urban Development to expand an area designated as a renewal community; and (7) extend through 2012 the period for designating areas located in the GO Zone as renewal communities. Amends the Katrina Emergency Tax Relief Act of 2005 to extend for an additional two years the hiring period of employees in the Hurricane Katrina disaster area for purposes of the work opportunity tax credit.

1205380800 2008-03-13 Fri Nov 07 17:59:47 -0600 2008 introduced 49672 '1986':10 'bill':2 'code':8 'gulf':18 'zone':20 'amend':4 'applic':15 'extend':12 'intern':6 'purpos':24 'revenu':7 'benefit':14 'certain':13 'opportun':19 57808 false official introduced 49672 1205380800 Thu Mar 13 00:00:00 -0500 2008 147531 V000127 1961-05-03 9732 516 Hart Senate Office Building http://vitter.senate.gov/public/index.cfm?FuseAction=Contact.ContactForm 202-228-5061 David 'r':4 'la':5 'sen':1 'david':2,6,8 'vitter':3,7,9 M 400418 Vitter David_Vitter Sen. David Vitter [R, LA] 3833 N00009659 10007 Republican 202-224-4623 Catholic LA David Vitter 3.94736842105263 http://vitter.senate.gov/ introduced 49672 1205380800 Thu Mar 13 00:00:00 -0500 2008 147531 action 49672 1205380800 Thu Mar 13 00:00:00 -0500 2008 147532 Read twice and referred to the Committee on Finance.