109TH CONGRESS 
1ST SESSION H. R. 4440
AN ACT 
To amend the Internal Revenue Code of 1986 to provide 
tax benefits for the Gulf Opportunity Zone and certain 
areas affected by Hurricanes Rita and Wilma, and for 
other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE; ETC. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Gulf Opportunity Zone Act of 2005’’. 
(b) AMENDMENT OF 1986 CODE.—Except as other-
wise expressly provided, whenever in this Act an amend-
ment or repeal is expressed in terms of an amendment 
to, or repeal of, a section or other provision, the reference 
shall be considered to be made to a section or other provi-
sion of the Internal Revenue Code of 1986. 
(c) TABLE OF CONTENTS.—The table of contents of 
this Act is as follows:
Sec. 1. Short title; etc. 
TITLE I—ESTABLISHMENT OF GULF OPPORTUNITY ZONE 
Sec. 101. Tax benefits for Gulf Opportunity Zone. 
Sec. 102. Federal guarantee of certain State bonds. 
TITLE II—TAX BENEFITS RELATED TO HURRICANES RITA AND 
WILMA 
Sec. 201. Extension of certain emergency tax relief for Hurricane Katrina to 
Hurricanes Rita and Wilma. 
TITLE III—OTHER PROVISIONS 
Sec. 301. Secretarial authority to extend period during which traveling expenses 
are treated as incurred away from home in case of major dis-
aster. 
Sec. 302. Gulf Coast Recovery Bonds.
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 GULF 
OPPORTUNITY ZONE
‘‘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 de-
termined 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 indi-
vidual 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 de-
clared by the President, before October 6, 2005, 
under section 401 of such Act by reason of Hurri-
cane Rita. 
‘‘(5) WILMA GO ZONE.—The term ‘Wilma GO 
Zone’ means that portion of the Hurricane Wilma 
disaster area determined by the President to war-
rant 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 a major disaster has been de-
clared by the President, before November 14, 2005, 
under section 401 of such Act by reason of Hurri-
cane Wilma. 
‘‘SEC. 1400N. TAX BENEFITS FOR GULF OPPORTUNITY 
ZONE. 
‘‘(a) TAX-EXEMPT BOND FINANCING.—
‘‘(1) IN GENERAL.—For purposes of this title—
‘‘(A) any qualified Gulf Opportunity Zone 
Bond described in paragraph (2)(A)(i) shall be 
treated as an exempt facility bond, and