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HR 6261 110th Congress House Emergency Management Disaster relief Floods Income tax Indiana Iowa Losses Minnesota Storms Tax deductions Tax exclusion Taxation Wisconsin

Midwest Storm Victim Relief Act of 2008

Introduced: June 12, 2008 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 13, 2008
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Jun 12, 2008
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Ways and Means, 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.
Jun 12, 2008
Introduced in House
 Plain-English summary Congressional Research Service

Midwest Storm Victim Relief Act of 2008 - Directs the President, in providing financial assistance to individuals and households in connection with major disasters declared for storm damage and flooding in Indiana, Iowa, Minnesota, and Wisconsin from May 26-June 15, 2008, to double the maximum assistance available under the Robert T. Stafford Disaster Relief and Emergency Assistance Act.

Amends the Internal Revenue Code to suspend certain limitations on personal casualty losses attributable to major disasters declared for such storm damage and flooding. Excludes from gross income, for purposes of the Code, any amount received as compensation for a loss for which a deduction is allowed by reason of such a declaration if such compensation is received in a subsequent taxable year.

What's happening now June 13, 2008

Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.

 Committees of jurisdiction 3
 Cosponsors 2
All 2 Democratic 2