US HB5273 | 2009-2010 | 111th Congress

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on May 11 2010 - 25% progression, died in committee
Action: 2010-05-11 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

National Disaster Tax Extenders Act - Amends the Internal Revenue Code to exclude a casualty loss tax deduction for disaster losses sustained after December 31, 2009, and before January 1, 2011, from an individual's gross income in determining adjusted gross income. Extends through 2010: (1) such casualty loss deduction; (2) expensing of disaster abatement and cleanup expenses; (3) the five-year carryback period of net operating losses attributable to federally declared disasters; and (4) the special depreciation allowance for qualified disaster assistance property.

Tracking Information

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Title

National Disaster Tax Extenders Act

Sponsors


History

DateChamberAction
2010-05-11 Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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