H.R. 6640 · 110th Congress
Fair Disaster Tax Relief Act of 2008
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
KindSponsor18 cosponsors · 13 D, 5 R
D
Bishop
RC
D
Carnahan
DC
D
Cazayoux
AD
D
Davis
WJ
D
Jefferson
JL
D
Lewis
KM
D
Meek
MM
D
Michaud
GM
D
Moore
CM
D
Melancon
RP
R
Paul
FS
R
Sensenbrenner
JT
D
Tanner
WH
R
Herger
BM
D
Miller
MM
R
Musgrave
KB
R
Brady
AH
D
Hastings13 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Fair Disaster Tax Relief Act of 2008 - Amends the Internal Revenue Code to provide special tax rules for individuals affected by a federally declared disaster, including: (1) allowance of all personal casualty losses incurred in a federally declared disaster in excess of $500; (2) an increase in the standard tax deduction for disaster losses; (3) full…
What it does: CRS summary · Introduced in House · Jul 29, 2008
Fair Disaster Tax Relief Act of 2008 - Amends the Internal Revenue Code to provide special tax rules for individuals affected by a federally declared disaster, including: (1) allowance of all personal casualty losses incurred in a federally declared disaster in excess of $500; (2) an increase in the standard tax deduction for disaster losses; (3) full expensing of business-related disaster cleanup expenses; (4) extension of the net operating loss carryback period from two to five years for disaster-related losses; and (5) allowance of tax-exempt bond financing of low-interest loans for principal residences damaged in a federally declared disaster.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Fair Disaster Tax Relief Act of 2008
Latest action (Jul 29, 2008): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Jul 29, 2008
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.