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HR 2718 112th Congress House Taxation Alabama Business investment and capital Disaster relief and insurance Gambling Housing and community development funding Housing finance and home ownership Income tax credits Income tax deductions Louisiana Mississippi Securities Social work, volunteer service, charitable organizations Sports and recreation facilities

Disaster Tax Act of 2011

Introduced: August 1, 2011 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 1, 2011
Referred to the House Committee on Ways and Means.
Aug 1, 2011
Introduced in House
 Plain-English summary Congressional Research Service

Disaster Tax Act of 2011 - Amends the Internal Revenue Code, with respect to disaster tax relief provisions, to: (1) provide for an increase in the tax deduction for losses attributable to a federally declared disaster, (2) make permanent expensing provisions for qualified disaster expenses and qualified disaster assistance property and for net operating losses attributable to federally declared disasters, (3) waive specified requirements for the issuance of mortgage revenue bonds in disaster areas, (4) increase the limit for charitable contributions for disaster relief for individuals and corporations, and (5) increase the new markets tax credit for low-income community investments within a disaster area.

What's happening now August 1, 2011

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3