119 STAT. 2578
PUBLIC LAW 109–135—DEC. 21, 2005
Sec. 407. Amendments related to the Economic Growth and Tax Relief Reconciliation Act of 2001. Sec. 408. Amendments related to the Internal Revenue Service Restructuring and Reform Act of 1998. Sec. 409. Amendments related to the Taxpayer Relief Act of 1997. Sec. 410. Amendment related to the Omnibus Budget Reconciliation Act of 1990. Sec. 411. Amendment related to the Omnibus Budget Reconciliation Act of 1987. Sec. 412. Clerical corrections. Sec. 413. Other corrections related to the American Jobs Creation Act of 2004. Subtitle B—Trade Technicals Sec. 421. Technical corrections to regional value content methods for rules of origin under Public Law 109–53. TITLE V—EMERGENCY REQUIREMENT Sec. 501. Emergency requirement.
TITLE I—ESTABLISHMENT OF GULF OPPORTUNITY ZONE SEC. 101. TAX BENEFITS FOR GULF OPPORTUNITY ZONE.
(a) IN GENERAL.—Subchapter Y of chapter 1 is amended by adding at the end the following new part:
‘‘PART II—TAX BENEFITS FOR GO ZONES ‘‘Sec. 1400M. Definitions. ‘‘Sec. 1400N. Tax benefits for Gulf Opportunity Zone. ‘‘SEC. 1400M. DEFINITIONS.
‘‘For purposes of this part— ‘‘(1) GULF OPPORTUNITY ZONE.—The terms ‘Gulf Opportunity Zone’ and ‘GO Zone’ mean that portion of the Hurricane Katrina disaster area determined by the President to warrant individual or individual and public assistance from the Federal Government under the Robert T. Stafford Disaster Relief and Emergency Assistance Act by reason of Hurricane Katrina. ‘‘(2) HURRICANE KATRINA DISASTER AREA.—The term ‘Hurricane Katrina disaster area’ means an area with respect to which a major disaster has been declared by the President before September 14, 2005, under section 401 of such Act by reason of Hurricane Katrina. ‘‘(3) RITA GO ZONE.—The term ‘Rita GO Zone’ means that portion of the Hurricane Rita disaster area determined by the President to warrant individual or individual and public assistance from the Federal Government under such Act by reason of Hurricane Rita. ‘‘(4) HURRICANE RITA DISASTER AREA.—The term ‘Hurricane Rita disaster area’ means an area with respect to which a major disaster has been declared by the President before October 6, 2005, under section 401 of such Act by reason of Hurricane Rita. ‘‘(5) WILMA GO ZONE.—The term ‘Wilma GO Zone’ means that portion of the Hurricane Wilma disaster area determined by the President to warrant individual or individual and public assistance from the Federal Government under such Act by reason of Hurricane Wilma. ‘‘(6) HURRICANE WILMA DISASTER AREA.—The term ‘Hurricane Wilma disaster area’ means an area with respect to which
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