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HR 6640 110th Congress House Taxation Disaster relief and insurance Housing finance and home ownership Income tax deductions Securities

Fair Disaster Tax Relief Act of 2008

Introduced: July 29, 2008 See on congress.gov
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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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 29, 2008
Referred to the House Committee on Ways and Means.
Jul 29, 2008
Introduced in House
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 Plain-English summary Congressional Research Service

Fair Disaster Tax Relief Act of 2008 - Amends the Internal Revenue Code to provide special tax rules for individuals affected by a federally declared disaster, including: (1) allowance of all personal casualty losses incurred in a federally declared disaster in excess of $500; (2) an increase in the standard tax deduction for disaster losses; (3) full expensing of business-related disaster cleanup expenses; (4) extension of the net operating loss carryback period from two to five years for disaster-related losses; and (5) allowance of tax-exempt bond financing of low-interest loans for principal residences damaged in a federally declared disaster.

What's happening now July 29, 2008

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • HR 7006 Related bill Disaster Tax Relief Act of 2008
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Moore, Gwen
Wisconsin · Jul 29, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6640: Fair Disaster Tax Relief Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-HR-6640/
MLA
"H.R. 6640: Fair Disaster Tax Relief Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-6640/.
Bluebook (legal)
H.R. 6640, 110th Cong. (2026), https://openamerica.io/bill/110-HR-6640/.
Markdown link
[H.R. 6640: Fair Disaster Tax Relief Act of 2008](https://openamerica.io/bill/110-HR-6640/)
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