TITLE

Recovery with a Hand from Uncle Sam

AUTHOR(S)
Battersby, Mark E.
PUB. DATE
February 2006
SOURCE
Metal Center News;Feb2006, Vol. 46 Issue 2, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on federal tax laws intended to help ease some of the financial problems caused to metal businesses by hurricanes Katrina and Rita. The Katrina Emergency Tax Relief Act of 2005 permits penalty-free withdrawal by service center owners from individual retirement accounts and other qualified retirement plans. Also, the Gulf Opportunity (GO) Zone Act, allows affected businesses to claim 50-percent first-year depreciation on GO zone property.
ACCESSION #
19970154

 

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