HR 720
109th Congress
House
Taxation
Block grants
Commerce
Community development
Crime and Law Enforcement
Economics and Public Finance
Government Operations and Politics
Income tax
Infrastructure
International Affairs
Limitation of actions
New York City
September 11, 2001
Tax credits
Tax deductions
Tax exclusion
Tax refunds
Terrorism
Urban affairs
Urban economic development
September 11th Tax Correction Act
Introduced: February 9, 2005
Introduced by:
Nadler, Jerrold
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 9, 2005
Referred to the House Committee on Ways and Means.
Feb 9, 2005
Introduced in House
Plain-English summary
September 11th Tax Correction Act - Excludes from gross income, and exempts from the prohibition against tax deductions for expenses and interest relating to tax-exempt income, retention grants paid from Federal community development block grant funds for assistance for properties or businesses damaged by, or for economic revitalization related to, the September 11, 2001, terrorist attacks on New York City.
Exempts such retention grants from information reporting requirements under the Internal Revenue Code.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1