HR 3987
109th Congress
House
Taxation
Alabama
Capital gains tax
Commerce
Depreciation and amortization
Depressed areas
Economics and Public Finance
Emergency Management
Finance and Financial Sector
Floods
Hurricane aftermath legislation
Hurricanes
Income tax
Investments
Louisiana
Mississippi
Partnerships
Small business
Stocks
Tax credits
Katrina Economic Opportunity Act
Introduced: October 6, 2005
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 6, 2005
Referred to the House Committee on Ways and Means.
Oct 6, 2005
Introduced in House
Plain-English summary
Katrina Economic Opportunity Act - Amends the Internal Revenue Code to: (1) exclude from gross income gain from the sale or exchange of a Gulf Opportunity Zone asset (business stock, partnership interest, or property in a Hurricane Katrina disaster area) held for more than five years; (2) waive small business asset expensing limits for Gulf Opportunity Zone assets; and (3) qualify Gulf Opportunity Zone investments for the new markets tax credit.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1