S 2815
111th Congress
Senate
Taxation
Arkansas
Credit and credit markets
Disaster relief and insurance
Employee benefits and pensions
Floods and storm protection
Illinois
Income tax exclusion
Indiana
Iowa
Kansas
Michigan
Minnesota
Missouri
Natural disasters
Nebraska
Wisconsin
A bill to extend certain housing-related deadlines in the Heartland Disaster Tax Relief Act of 2008.
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 20, 2009
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S11886)
Nov 20, 2009
Sponsor introductory remarks on measure. (CR S11885-11886)
Nov 20, 2009
Introduced in Senate
Plain-English summary
Amends the Heartland Disaster Tax Relief Act of 2008 to extend through 2010 provisions of such Act allowing residents of the Midwestern disaster area to: (1) use amounts from tax-exempt retirement accounts without a tax penalty to purchase a new principal residence or repair an existing one; (2) recontribute amounts withdrawn for such purposes to such accounts; and (3) exclude from gross income income resulting from a cancellation of mortgage indebtedness incurred in such disaster area.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S11886)
Committees of jurisdiction
1