Kansas Disaster Tax Relief Assistance Act
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Kansas Disaster Tax Relief Assistance Act - Extends to businesses and individuals in certain Kansas counties declared by the President as major disaster areas under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (FEMA-1699-DR, as in effect on the date of enactment of this Act) by reason of severe storms and tornados beginning on May 4, 2007, provisions of the Internal Revenue Code allowing: (1) suspension of certain limitations on personal casualty losses; (2) an extension of the period for replacing damaged property without recognizing gain; (3) an employee retention tax credit for affected businesses through 2007; (4) 50% bonus depreciation for affected businesses; (5) increased expensing of small business assets; (6) increased expensing of demolition and cleanup costs; (7) extended net operating loss carryback periods for losses attributable to storms and tornadoes and for public utility property disaster losses; (8) relaxed income verification requirements for tenants in low-income rental projects; and (9) penalty-free withdrawals and loans from individual retirement accounts and other tax-exempt pension plans.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 2935: Kansas Disaster Tax Relief Assistance Act. 110th Congress. Open America. https://openamerica.io/bill/110-HR-2935/
"H.R. 2935: Kansas Disaster Tax Relief Assistance Act." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-2935/.
H.R. 2935, 110th Cong. (2026), https://openamerica.io/bill/110-HR-2935/.
[H.R. 2935: Kansas Disaster Tax Relief Assistance Act](https://openamerica.io/bill/110-HR-2935/)