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HR 3444 110th Congress House

Kansas Flood Recovery and Economic Opportunity Act of 2007

Official title: To extend tax relief to the residents and businesses of an area with respect to which a major disaster has been declared by the President under section 401 of … Show full official titleShow less

Official title: To extend tax relief to the residents and businesses of an area with respect to which a major disaster has been declared by the President under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (FEMA-1711-DR) by reason of severe storms and flooding beginning on June 26, 2007, and determined by the President to warrant individual or individual and public assistance from the Federal Government under such Act.

Introduced: August 3, 2007 See on congress.gov
Emergency Management BondsCapital gains taxCommerceDepreciation and amortization
More subjectsShow fewer subjects
Disaster reliefEnergyFinance and Financial SectorFloodsHousing and Community DevelopmentIncomeIncome taxIndividual retirement accountsKansasLabor and EmploymentLandlord and tenantLoansLossesLow-income housingPublic utilitiesRental housingSmall businessSocial WelfareStormsTax administrationTax creditsTax deductionsTax penaltiesTaxation
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 5, 2007
Sponsor introductory remarks on measure. (CR H10099-10100)
Aug 4, 2007
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Aug 3, 2007
Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Aug 3, 2007
Introduced in House
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 Latest action September 5, 2007

Sponsor introductory remarks on measure. (CR H10099-10100)

 Plain-English summary Congressional Research Service

Kansas Flood Recovery and Economic Opportunity Act of 2007 - Establishes the federal share of assistance for the state of Kansas under the Robert T. Stafford Disaster Relief and Emergency Assistance Act for the storms and flooding in that state between June 26, 2007, and July 25, 2007, at 100% of eligible costs.

Extends to certain areas in Kansas declared by the President as major disaster areas under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (FEMA-1711-DR, as in effect on the date of enactment of this Act) by reason of severe storms and flooding beginning on June 26, 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) bonus depreciation for certain property acquired after June 26, 2007; (5) increased expensing of small business assets and of demolition and cleanup costs; (6) an increase in the tax credit for rehabilitation expenditures; (7) extended net operating loss carryback periods for losses attributable to storms 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.

 Related & companion bills 3
  • S 1423 Related bill Kansas Disaster Tax Relief Assistance Act
  • S 1532 Related bill Kansas Disaster Tax Relief Assistance Act
  • HR 2935 Text similarities Kansas Disaster Tax Relief Assistance Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 2
All 2 Republican 1
Boyda, Nancy
· Aug 3, 2007
 R
Moran, Jerry
Kansas · Aug 3, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3444: Kansas Flood Recovery and Economic Opportunity Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-3444/
MLA
"H.R. 3444: Kansas Flood Recovery and Economic Opportunity Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-3444/.
Bluebook (legal)
H.R. 3444, 110th Cong. (2026), https://openamerica.io/bill/110-HR-3444/.
Markdown link
[H.R. 3444: Kansas Flood Recovery and Economic Opportunity Act of 2007](https://openamerica.io/bill/110-HR-3444/)
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