Congress passed Public Law 110-28 which provides, among other items, Gulf Opportunity Zone extensions and other tax provisions. On the GO Zone-related provisions, the act extends the placed-in-service date requirement for GO Zone low-income housing tax credits to December 31, 2010, for properties in the GO Zone receiving an allocation of credits in 2006, 2007 or 2008. The Act allows loans for certain repair and reconstruction costs in the GO Zone to qualify under the rules for qualified mortgage bonds and GO Zone bonds, thus allowing homeowners to refinance their mortgages if their homes were substantially destroyed by the hurricane. Additionally the Act extends the increased Section 179 expensing amount and phaseout of specific areas of the GO Zone through 2008.