Trent Lott: “Another provision of H.R. 4440 would make eligible for tax- exempt…”

On the recordDecember 16, 2005

Another provision of H.R. 4440 would make eligible for tax- exempt financing the costs of nonresidential real property located in the Gulf Opportunity Zone. It is my understanding that the intent of this provision is that nonresidential real property includes any tangible property other than fixtures and equipment that are movable, without regard to the class life of such property or its use as part of manufacturing, production, or extraction, or of furnishing services or property.

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Trent Lott

Source

govinfo.gov

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Trent Lott: “Another provision of H.R. 4440 would make eligible for tax- exempt financing the costs of nonresidential real property…”