The Gulf Opportunity Zone Act of 2005 was enacted by Congress to provide tax relief to individuals and businesses in the designated area and to provide tax incentives for businesses to invest in the region. These videos and presentations provide an overview of various provisions of the Act, often referred to as the Go Zone Act of 2005.

The School of Accountancy is pleased to provide this service to residents of the Go Zone and other parties interested in investing in the region. This site is under constant revision; please access the site often to view new information that has become available.

Although every effort has been made to ensure the accuracy of this information, we can not guarantee its accuracy or completeness. These videos and presentations do not provide authoritative tax advice. You are strongly encouraged to consult your tax professional before entering into any transaction or financial commitment that may be impacted by the Go Zone tax changes.

Narrated videos are available on the following topics.

Introduction to the GO Zone
The Gulf Opportunity Zone Act and the impacted counties in Mississippi.

Employee Retention Credit
Tax credits are available for wages paid to employees while the business was inoperative.

Work Opportunity Tax Credit
Tax credits are available for employment of individuals from the Go Zone region.

Special Timber Rules
Increase the amount of reforestation expenses deducted.

Depreciation and Section 179 Property
Accelerate the deduction of property and equipment investments.

Environmental Remediation Costs
Expense costs associated with removal of hazardous substances

PowerPoint presentation are available on the following topics:

Low-Income Housing Credit

Residential Rental Projects

Net Operating Losses

Rehabilitation Tax Credit

Disqualified Property