12.07.2015 Views

Reports - Mississippi Renewal

Reports - Mississippi Renewal

Reports - Mississippi Renewal

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THE GOVERNOR’S COMMISSION REPORT | 85tury-old trees will occur over generations,but starting the replanting effortnow will add immediate beauty andbegin the process of replacing the loss.Appropriate local organizations suchas county beautification committeesand neighborhood garden clubsshould provide volunteers for a massiveplanning, landscaping, and maintenanceeffort. Senator Trent Lott hasdirected the Director of Urban Forestryof the United States Forest Serviceto visit the <strong>Mississippi</strong> Coast foran initial assessment of damage to thetree canopy. The Home Depot Foundationis donating $100,000 to beginrestoration, and the U.S. Forestry Serviceis coordinating other restorationefforts. Local governments shouldlead this effort of coordinating variouspublic and private resources.■ State and local tourism officialsshould share the news of recoveryand renewal and meet with bookingagents, airlines officials, and tourismindustry groups to share plans thatthe gaming industry and other majorattractions will rebuild and returnbigger and better than before.■ The state legislature should beginthe restoration of our cultural andhistoric attractions by enacting stateHistoric Preservation Tax Creditlegislation (HB 1604), which wouldprovide state tax credits and go alongwith federal preservation tax creditsto commercial and residential propertyowners who restore damagedhistoric resources. The federal KatrinaEmergency Tax Relief Act of 2005(KETRA), H.R. 3768, includes specialincentives for individual donorsby allowing them to deduct certaincash gifts in amounts up to 100 percentof their adjusted gross incomeuntil the end of 2005. KETRA thussuspended, for the remainder of 2005,the rule that typically limits the useof charitable deductions to 50 percentof a donor’s adjusted gross income.KETRA also provides that thecharitable contribution deduction forsuch cash gifts will not be treated asan itemized deduction for purposesof the overall limitation on itemizeddeductions. This one-time incentivefor individuals to make year-end cashgifts is not limited to Katrina relief,but can be made to any 501(c)(3) organizations.Congress should extendKETRA to 2007.■ Tourism, heritage, and cultural organizationsshould consider oppor-

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