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Article: COMMERCIAL REVITALIZATION DEDUCTION INCENTIVE DEADLINE APPROACHING
- Article from:
- US Fed News Service, Including US State News
- Article date:
- November 14, 2006
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The city of New Orleans issued the following news release:
The State of Louisiana extended the Renewal Community Commercial Revitalization Deduction (CRD) deadline from Monday, October 31, 2006 to Thursday, November 30, 2006. The CRD incentive enables businesses that construct or rehabilitate commercial property to deduct the costs over a shorter period of time than permitted under the standard IRS depreciation rules (from 39 years down to only 20), thus helping small businesses and investors cut annual business expenditures significantly. Those businesses conducting commercial property renovations or new construction in the Renewal Community should visit the city's website at ...