The GO Zone http://southerninvestor.com wade@southerninvestor.com The Gulf Opportunity Zone Act of 2005. Facts and news on this real estate investment opportunity. en-us GO Zone--the documentation http://www.southerninvestor.com/gozonepubs.html Read House Resolution 4440 and IRS Publication 4492. The GO Zone Extension http://www.southerninvestor.com/real_estate_articles/GO_Zone_Extension.html In response to the slow rate of growth in the areas most heavily hit by hurricane, the Gulf Opportunity (GO) Zone Act of 2005 has been extended. GO Zone qualifying real property must meet the following criteria to qualify for the extension. GO Zone Quick Facts http://www.souterninvestor.com/real_estate_articles/qf_GO_Zone.html GO Zone--Original Use http://www.southerninvestor.com/real_estate_articles/GO_Zone_Original_Use.html One of the requirements placed upon properties for GO Zone depreciation is the "original use" clause. According the the HR 4440 explanation, "the original use of the property within the GO Zone must commence with the taxpayer on or after August 28, 2005." The IRS has commented now on what that means.