United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2003-09-30 monographic deposited born digital 19 p. GA 1.13:GAO-03-1102 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-03-1102 P0b002ee180394418 f:d031102 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-03-1102 machine generated eng fdlp REPORT GAOREPORTS-GAO-03-1102 GAO-03-1102 Data collection Disaster relief aid Federal taxes Losses Tax administration Tax credit IRS New York Liberty Zone Tax Benefits Program Other Written Product A08580 The President pledged a minimum of $20 billion in assistance to New York for response and recovery efforts after the September 11, 2001, terrorist attacks. This includes tax benefits, commonly referred to as the Liberty Zone tax benefits, that the Joint Committee on Taxation (JCT) estimated would reduce federal tax revenues by about $5 billion. The actual amount of benefits realized, however, will depend on the extent to which taxpayers and the city and state of New York take advantage of them. GAO was asked to determine (1) the extent to which the Internal Revenue Service (IRS) is collecting and reporting information about the number of taxpayers using each of the seven Liberty Zone tax benefits and the revenue loss associated with those benefits and (2) if IRS is not collecting and reporting this information, what steps it would need to take and what resources would be needed to do so. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-03-1102/html/GAOREPORTS-GAO-03-1102.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-03-1102/pdf/GAOREPORTS-GAO-03-1102.pdf GAO-03-1102 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-03-1102 Other Written Product GAO-03-1102; Tax Administration: Information Is Not Available to Determine Whether $5 Billion in Liberty Zone Tax Benefits Will Be Realized; Data collection Disaster relief aid Federal taxes Losses Tax administration Tax credit IRS New York Liberty Zone Tax Benefits Program Public Law 107-147 Public Law 108-27