Go zone 50% depreciation deduction

[Larry Aiello]

I'm a beginning real estate investor, and was wondering if anyone knows of the current IRS tax incentive to help rebuild some of the areas that were devastated by the hurricanes of recent years (i.e. Katrina, Rita, etc.).

Basically you can take a 50% depreciation deduction on any new business / real estate investment in certain counties. Of course, there are qualifications you need to meet to take this deduction.

Does anyone know about this? Or a good accountant that deals with this?

I live in Florida, and not too many accountants I've talked to around here know too much about it.

Thanks
Larry