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]
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.
Title
National Disaster Tax Extenders Act
Sponsors
Rep. Patrick Kennedy [D-RI] | Rep. James Langevin [D-RI] |
History
Date | Chamber | Action |
---|---|---|
2010-05-11 | Referred to the House Committee on Ways and Means. |
Subjects
Business investment and capital
Disaster relief and insurance
Income tax deductions
Income tax exclusion
Natural disasters
Taxation
Disaster relief and insurance
Income tax deductions
Income tax exclusion
Natural disasters
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/5273/all-info |
Text | https://www.congress.gov/111/bills/hr5273/BILLS-111hr5273ih.pdf |