US Congress House Bill 4052 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on November 6 2009 - 25% progression, died in committee
Action: 2009-11-06 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Fair Disaster Tax Relief Act of 2009 - Amends the Internal Revenue Code to make permanent: (1) the enhanced tax deduction for net losses incurred in federally declared disasters; (2) the $500 limit on the tax deduction for individual casualty losses; (3) expensing of certain disaster abatement and cleanup expenses; (4) the tax deduction for net operating losses attributable to a federally declared disaster; (5) eligibility for tax-exempt bond financing for repair of principal residences destroyed or damaged in a federally declared disaster; and (6) the bonus depreciation allowance for property in a disaster area.

Fair Disaster Tax Relief Act of 2009

Rep. Russ Carnahan [D-MO]	Rep. Artur Davis [D-AL]	Rep. Wally Herger [R-CA]	Rep. Ron Kind [D-WI]
Rep. Charlie Melancon [D-LA]	Rep. Ron Paul [R-TX]	Rep. David Reichert [R-WA]	Rep. James Sensenbrenner [R-WI]
Rep. John Tanner [D-TN]

Date	Chamber	Action
2009-11-06		Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/4052/all-info
Text	https://www.congress.gov/111/bills/hr4052/BILLS-111hr4052ih.pdf