A bill to amend the Internal Revenue Code of 1986 to extend the placed-in-service date requirement for low-income housing credit buildings and bonus depreciation property and the period for rehabilitation expenditures in the Gulf Opportunity Zone.

Amends the Internal Revenue Code to extend through 2010: (1) the tax credit for certain low income housing property in the Gulf Opportunity Zone, the Rita GO Zone, and the Wilma GO Zone; (2) bonus depreciation for Gulf Opportunity Zone property; and (3) the increase in the tax credit for rehabilitation expenditures for Gulf Opportunity Zone property.