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HR 4305 109th Congress House Taxation Alabama Commerce Depreciation and amortization Emergency Management Floods Florida Hurricane aftermath legislation Hurricanes Income tax Louisiana Mississippi Tax deductions

To amend the Internal Revenue Code of 1986 to provide increased expensing for section 179 property in the Gulf Opportunity Zone.

Introduced: November 10, 2005 See on congress.gov
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 10, 2005
Referred to the House Committee on Ways and Means.
Nov 10, 2005
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue to increase the expensing allowance (i.e., a tax deduction in the current taxable year) for the cost of Gulf Opportunity Zone property placed in service in the Hurricane Katrina disaster area.

What's happening now November 10, 2005

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3
R
Cole, Tom
Oklahoma · Nov 10, 2005
 R
Issa, Darrell
California · Nov 10, 2005
 R
Wilson, Joe
South Carolina · Nov 10, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4305: To amend the Internal Revenue Code of 1986 to provide increased expensing for section 179 property in the Gulf Opportunity Zone.. 109th Congress. Open America. https://openamerica.io/bill/109-HR-4305/
MLA
"H.R. 4305: To amend the Internal Revenue Code of 1986 to provide increased expensing for section 179 property in the Gulf Opportunity Zone.." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-4305/.
Bluebook (legal)
H.R. 4305, 109th Cong. (2026), https://openamerica.io/bill/109-HR-4305/.
Markdown link
[H.R. 4305: To amend the Internal Revenue Code of 1986 to provide increased expensing for section 179 property in the Gulf Opportunity Zone.](https://openamerica.io/bill/109-HR-4305/)
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