Gulf Opportunity Zone definition

Gulf Opportunity Zone or ‘GO Zone’ means that
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Gulf Opportunity Zone means that geographic area of Alabama, Mississippi and Louisiana so defined in Section 1400M(1) of the Code.
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Gulf Opportunity Zone means the portion of the Hurricane Katrina disaster area determined by the President of the United States to warrant individual or individual and public assistance from the federal government under the Robert T. Stafford Disaster Relief and Emergency Act by reason of Hurricane Katrina that is located within the State of Alabama. Those counties considered to be in the Gulf Opportunity Zone are Baldwin, Marengo, Mobile, Pickens, Greene, Hale, Tuscaloosa, Washington, Choctaw, Clarke, and Sumter.
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Examples of Gulf Opportunity Zone in a sentence

  • For purposes of subparagraph (A), the term ‘‘Gulf Opportunity housing amount’’ means, for any calendar year, the amount equal to the product of $18.00 multiplied by the por- tion of the State population which is in the Gulf Opportunity Zone (as determined on the basis of the most recent census estimate of resident population released by the Bureau of Census before August 28, 2005).

  • For purposes of this subsection, rules simi- lar to the rules under section 179(d)(10) shall apply with respect to any qualified section 179 Gulf Opportunity Zone property which ceases to be qualified section 179 Gulf Opportunity Zone property.

  • Section 165(i) shall not apply to any quali- fied Gulf Opportunity Zone casualty loss to the extent such loss is taken into account under this subsection.

  • The term ‘‘qualified section 179 Gulf Op- portunity Zone property’’ means section 179 property (as defined in section 179(d)) which is qualified Gulf Opportunity Zone property (as defined in subsection (d)(2) without re- gard to subsection (d)(6)).

  • For purposes of this subsection, rules simi- lar to the rules under section 179(d)(10) shall apply with respect to any qualified Gulf Op- portunity Zone property which ceases to be qualified Gulf Opportunity Zone property.

  • The amount of any Gulf Opportunity Zone public utility casualty loss which would (but for this paragraph) be taken into account under paragraph (1) for any taxable year shall be reduced by the amount of any gain recog- nized by the taxpayer for such year from the involuntary conversion by reason of Hurricane Katrina of public utility property (as so de- fined) located in the Gulf Opportunity Zone.

  • For purposes of sections 1397A and 1400J, qualified section 179 Gulf Opportunity Zone property shall not be treated as qualified zone property or qualified renewal property, unless the taxpayer elects not to take such qualified section 179 Gulf Opportunity Zone property into account for purposes of this subsection.

  • For purposes of subsection (k)(2)(B)(i), the term ‘‘qualified Gulf Opportunity Zone cas- ualty loss’’ shall not include any loss with re- spect to any property described in paragraph (3).

  • The term ‘‘specified Gulf Opportunity Zone extension property’’ shall not include any property to which section 168(k) applies.

  • Subsection (k) and section 165(i) shall not apply to any Gulf Opportunity Zone public utility casualty loss to the extent such loss is taken into account under paragraph (1).


More Definitions of Gulf Opportunity Zone

Gulf Opportunity Zone means, with respect to Louisiana and this Order, those areas within the parishes of Acadia, Ascension, Assumption, Calcasieu, Cameron, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Orleans, Pointe Coupee, Plaquemines, St. Bernard, St. Charles, St. Helena, St. James, St. John, St. Mary, St. Martin, St. Tammany, Tangipahoa, Terrebonne, Vermilion, Washington, West Baton Rouge, and West Feliciana;
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Gulf Opportunity Zone means the portion of the Hurricane Katrina disaster area determined by the President of the United States to warrant individual or individual and public assistance from the federal government under the Robert T. Stafford Disaster Relief and Emergency Act by reason of Hurricane Katrina that is located within the State of Alabama.
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Gulf Opportunity Zone or "GO Zone" shall mean that portion of the Hurricane Xxxxxxx disaster area determined by the President to warrant individual or individual and public assistance from the Federal Government under the Xxxxxx X. Xxxxxxxx Disaster Relief and Emergency Assistance Act by reason of Hurricane Xxxxxxx. The Hurricane Xxxxxxx disaster area is an area with respect to which a major disaster has been declared by the President before September 14, 2005, under section 401 of the Gulf Opportunity Zone Act of 2005 (Pub. L. 109-135) by reason of Hurricane Xxxxxxx.
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Related to Gulf Opportunity Zone

  • Energy Market Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of available run hours due to limitations imposed on the unit by Applicable Laws and Regulations, and (b) the forecasted future Locational Marginal Price at which the generating unit could run while not violating such limitations. Energy Market Opportunity Cost therefore is the value associated with a specific generating unit’s lost opportunity to produce energy during a higher valued period of time occurring within the same compliance period, which compliance period is determined by the applicable regulatory authority and is reflected in the rules set forth in PJM Manual 15.

  • Investment opportunity means anything, tangible or intangible, that is offered, offered for sale, sold, or traded based wholly or in part on representations, either express or implied, about past, present, or future income, profit, or appreciation.

  • Business Opportunity means any commercial, investment or other business opportunity relating to the Business.

  • Community basin means an infiltration system, sand filter designed to infiltrate, standard constructed wetland, or wet pond, established in accordance with N.J.A.C. 7:8-4.2(c)14, that is designed and constructed in accordance with the New Jersey Stormwater Best Management Practices Manual, or an alternate design, approved in accordance with N.J.A.C. 7:8-5.2(g), for an infiltration system, sand filter designed to infiltrate, standard constructed wetland, or wet pond and that complies with the requirements of this chapter.

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Bedrock means continuous rock that underlies the soil or is exposed at the surface. Bedrock is generally considered impervious, but if fractured or deteriorated, it may allow effluent to pass through without adequate treatment.

  • Fat wood means pieces of wood kindling with high naturally-occurring levels of sap or resin which enhance ignition of the kindling. “Fat wood” does not include any kindling with substances added to enhance flammability, such as wax-covered or wax-impregnated wood-based products.

  • Opportunity Cost means a component of the Market Seller Offer Cap calculated in accordance with Tariff, Attachment DD, section 6.

  • Community mental health center or "CMHC" means a facility offering a comprehensive array of community-based mental health services, including but not limited to, inpatient treatment, outpatient treatment, partial hospitalization, emergency care, consultation and education; and, certain services at the option of the center, including, but not limited to, prescreening, rehabilitation services, pre-care and aftercare, training programs, and research and evaluation.

  • Natural resources means all land, fish, shellfish, wildlife, biota,

  • Community rehabilitation program means a program that provides directly or facilitates the provision of one or more of the following vocational rehabilitation services to individuals with disabilities to enable those individuals to maximize their opportunities for employment, including career advancement:

  • Equal Employment Opportunity For any federally assisted construction contract, as defined in 41 CFR 60-1.3, the contractor, subcontractor, subrecipient shall follow all of the requirements of the Equal Opportunity Clause as stated in 41 CFR 60-1.4.

  • School District/Public Entity means the School District/Public Entity that executes the contract.

  • School District/Public Entity means the School District/Public Entity that executes the contract.

  • Community center means a center established under Subchapter A, Chapter 534.

  • Community services means any type of counseling and advice, emergency assistance, medical care,

  • Community or broad-based enterprise means an enterprise that has an empowerment shareholder who represents a broad base of members such as a local community or where the benefits support a target group, for example black women, people living with disabilities, the youth and workers. Shares are held via direct equity, non-profit organisations and trusts.

  • Community service means compulsory service, without

  • Community setting means a location outside a hospital inpatient, acute care setting or a hospital clinic setting. A community setting may include, but is not limited to, a home, group home, assisted living facility, correctional facility, hospice, or long-term care facility.

  • SOFR means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.

  • Community Member means any member of the public.

  • Cultural resources means archaeological and historic sites and artifacts, and traditional religious, ceremonial and social uses and activities of affected Indian tribes.

  • Garden State Growth Zone or "growth zone" means the four

  • Virginia Stormwater Management Program authority or "VSMP authority" means an authority approved by the State Board after September 13, 2011, to operate a Virginia Stormwater Management Program.

  • Noncommunity water system means a public water system that is not a community water system.

  • Virginia Stormwater Management Program or “VSMP” means a program approved by the State Board after September 13, 2011, that has been established by a locality to manage the quality and quantity of runoff resulting from land-disturbing activities and shall include such items as local ordinances, rules, permit requirements, annual standards and specifications, policies and guidelines, technical materials, and requirements for plan review, inspection, enforcement, where authorized in this article, and evaluation consistent with the requirements of this article and associated regulations.