What Properties Do Not Qualify for GO Zone Tax Treatment?

The following properties do not generally qualify for GO Zone tax treatment:
1. Private or commercial golf course
2. Country Club
3. Massage Parlor
4. Hot tub facility
5. Suntan facility
6. Property where the principal sale is alcoholic beverages for consumption off premises
7. Property used directly for gambling
8. Property used for animal racing or the on-site viewing of [...]

What tax benefits are granted to a GO Zone?

The following post was written by our GO Zone tax advisor.
Tax benefits are granted from governmental taxing authorities so as to direct private enterprise activity towards a desired direction. In the case of real estate investing in the GO Zone, taxing authorities wanted to stimulate investment activity predominately through the granting of early recognition [...]

What are GO Zones and where are they?

The GO Zone Act established geographical areas, called Gulf Opportunity Zones (GO Zone), corresponding roughly with the devastation of Hurricane Katrina, Rita and Wilma. The purpose of the legislation, as it relates to real estate, were to establish tax relief measures so these geographical areas could rebuild their infrastructure in the most efficient and [...]

Must Mississippi recognize the GO Zone depreciation?

Many people want to know if the state of Mississippi must recognize the GO Zone Bonus Depreciation. The answer here, is no. There is no absolute necessity that the tax code of any state must correspond with the federal tax code.
For instance, if you buy a property classified under the GO Zone, and hold [...]

GO Zone Real Estate Investment Opportunities

After Katrina caused such destruction along the Gulf Coast, the US Congress passed the Gulf Opportunity Zone Act of 2005 also known as the GO Zone Investment act to support people interested in investing in the region. This Act gives investors the opportunity to write off up to 50% of GO Zone depreciation in the [...]

Why GO Zone Real Estate Investment?

The GO Zone incentives offered by the federal government provide an accelerated depreciation and huge tax benefits on your investment. It’s highly possible that you will be able to deduct 50% of the cost from your tax liability in the very first year. Besides this, the state of Mississippi is also authorized to offer businesses [...]

Multiple Factors Boosting Investment in Biloxi Region GO Zone

It’s not only casinos that are boosting development in the Mississippi Gulf Coast GO Zone. Most industry experts agree that a number of factors including Katrina, will further growth in the real estate environment here. Besides Katrina, there is the ever growing expansion of casino development, as well as job opportunities generated by a [...]

Biloxi GO Zone Casinos Rake in the Profits

There is a silent growth taking place in the casino industry along the Gulf Coast. Revenues are higher than before the hurricanes, stimulated by construction and relief workers who throng the casinos for entertainment. The lack of bars, movie theaters, clubs and malls which remain closed have also contributed to this spurt in revenues. This [...]

Why the Mississippi GO Zone?

So you are thinking about investing in the GO Zone and are wondering which part of the GO Zone?
When Hurricane Katrina rampaged through the Gulf Coast in 2005, its devastation could be felt in a string of cities in its path. New Orleans, however received the bulk of media attention in the aftermath of [...]

GO Zone Gateway FAQs

What is GO Zone Gateway? What exactly do you do?

GO Zone Gateway is different from other groups in regards that we do not sign an exclusive agreement with developers. Our goal is to find the best deal in the GO Zone. Most groups are tied to one developer and need to find the reasons why [...]