http://www.gozonegateway.com Your gateway to investing in the GO Zone Thu, 12 Nov 2009 16:45:14 +0000 http://backend.userland.com/rss092 en Mississippi State Republican senators Thad Cochran and Roger Wicker, in a bold effort to encourage building growth after hurricane Katrina, have introduced legislation towards that end. This new bill would allow an extension of the soon to expire Gulf Opportunity Zone bonus depreciation tax by two years. The new expiration date ... http://www.gozonegateway.com/go-zone-news/go-zone-extension-sought-by-senators-of-mississippi/ The following is from the State of Mississippi. DATE:  February 5, 2009 SUBJECT:  HUD approved waivers for the State of Mississippi I. Purpose:  The Department of Housing and Urban Development has published a waiver of section 105(a) that allows new housing construction and of section 105(a) (24) to allow homeownership assistance for families whose income ... http://www.gozonegateway.com/articles/long-term-workforce-housing/ Has Mississippi Fallen Further Behind? At the fourth anniversary of Hurricane Katrina, the harmful consequences of Mississippi's misplaced priorities have become clear, and perhaps irreversible. The State has reduced its allocation for housing programs, lowered its forecasts for key affordable housing programs and abandoned plans for a full housing recovery. Between ... http://www.gozonegateway.com/rebuilding-efforts/mississippi-disaster-recovery-falling-behind/ The Mississippi Development Authority's Long Term Workforce Housing Program has been established to help create affordable workforce housing largely for the counties of Hancock, Harrison, and Jackson that were adversely affected by Hurricane Katrina. The program is part of the Homeowner Assistance Grant Program, and its budget is $241 million, or ... http://www.gozonegateway.com/mda/mississippi-long-term-workforce-housing-program/ Investors all across the United States have expressed interest in GO Zone property and the potential benefits it creates financially, but there is a lot of confusion about when the GO Zone deductibility period will end.  Most GO Zone material portrays that the GO Zone will allow for deductions to ... http://www.gozonegateway.com/go-zone-news/go-zone-deductibility-period-will-end-2009/ Dear GO Zone Gateway members, We have had a very busy few weeks since the second round of the Small Rental Assistance Program (SRAP) opened up on October 15th. To all the members that have moved forward we want to personally take a minute and thank you for your support and ... http://www.gozonegateway.com/articles/nov-22-go-zone-newsletter/ The following is a copy of the newsletter that we sent out on October 13, 2008. With the lack of positive news in the credit markets, turmoil in the stock markets, and government bailouts for Wall Street, the average investor has taken it on the chin. With the government handing out ... http://www.gozonegateway.com/articles/october-13-go-zone-newsletter/ The MDA (Mississippi Development Authority) will be starting a string of classes for investors who are looking to apply for the 2nd round of the Small Rental Assistance Program (SRAP). The first of the 16 classes will take place Monday, October 13th in Biloxi, MS and will continue on through ... http://www.gozonegateway.com/mda/small-rental-assistance-program-srap-2nd-round-classes/ Did you pay Federal Income taxes any time in the past 3 to 5 years?  Are you expecting to pay any in the future?  How would you like to get paid to invest in a positive cash flowing property?  Income producing, GO Zone qualified rental property is one of the ... http://www.gozonegateway.com/featured/the-best-go-zone-cash-flowing-investment/ Under IRS Code Section 179, a taxpayer may elect in 2006 to expense up to $108,000 of the cost of qualifying property placed in service for the taxable year. Qualifying property under Section 179 is generally personal property (new and used) acquired or purchased for use in a trade or ... http://www.gozonegateway.com/articles/increased-section-179-expensing/