Louisiana Congressmen Introduce Go Zone Money Legislation

U.S. Rep. Richard Baker, R-Baton Rouge, introduced legislation last night to extend tax benefits created through the Gulf Opportunity (GO) Zone Act of 2005. The Baker GO Zone bill will extend key tax benefits included within the original GO Zone Act of 2005. Specifically, Rep. Baker’s legislation will expand the renewal community designation in Orleans Parish and extend tax benefits in GO Zone Parishes in Louisiana.

“The GO Zone Act has been vital in spurring the economy of South Louisiana. Most importantly, GO Zone tax benefits have provided breathing room to our small businesses and the opportunity for growth. This opportunity has been the lynchpin of our economic rebuilding effort and has led to the employment of Louisiana citizens,” stated Rep. Baker. More >