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S 2233 113th Congress Senate

National Disaster Tax Relief Act of 2014

Official title: A bill to provide tax relief for major disaster areas declared in 2012 and 2013 and for other purposes.

Introduced: April 9, 2014 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Taxation Business investment and capitalCharitable contributionsCredit and credit marketsDisaster relief and insurance
More subjectsShow fewer subjects
Employee benefits and pensionsFinancial services and investmentsHomelessness and emergency shelterHousing finance and home ownershipIncome tax creditsIncome tax deductionsIncome tax exclusionLife, casualty, property insuranceLow- and moderate-income housingNatural disastersPoverty and welfare assistanceResidential rehabilitation and home repairSecuritiesSocial work, volunteer service, charitable organizationsState and local government operations
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Apr 9, 2014
Read twice and referred to the Committee on Finance.
Apr 9, 2014
Introduced in Senate
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 Latest action April 9, 2014

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

National Disaster Tax Relief Act of 2014 - Amends the Internal Revenue Code to provide tax relief for disasters declared in 2012 and 2013 by:

  • extending through 2013 the election to expense qualified disaster expenses (i.e., for removal of debris, demolition, and repair of business-related property);
  • increasing the tax deduction for charitable contributions for disaster relief for individual and corporate taxpayers;
  • allowing through 2013 the deduction of losses attributable to disasters;
  • allowing waivers of requirements relating to mortgage revenue bonds;
  • extending through 2013 the additional allowance for depreciation of business property (bonus depreciation);
  • allowing an increase in 2012 and 2013 of the new markets tax credit limitation amount within a federally-declared disaster area;
  • permitting the use of tax-exempt retirement plan funds in federally-declared disasters without penalty;
  • allowing an additional tax exemption for individuals who are displaced as a result of a federally-declared disaster;
  • allowing an exclusion from gross income of imputed income from the cancellation of indebtedness resulting from federally-declared disasters;
  • providing a special rule to allow individuals affected by a disaster in 2012 or 2103 to claim a full earned income tax credit;
  • increasing the rehabilitation tax credit for buildings affected by a federally-declared disaster;
  • permitting one additional advance refunding of a tax-exempt bond that is outstanding on the date on which a federally-declared disaster occurs;
  • allowing the issuance of qualified disaster area recovery bonds;
  • allowing an additional allocation of the low-income housing tax credit in 2014 to states affected by a federally-declared disaster occurring in 2012 or 2013;  
  • allowing payments of disaster assistance to tax-exempt mutual ditch or irrigation companies without affecting their tax-exempt status;
  • allowing an exclusion from gross income for disaster mitigation payments received from state and local governments; and
  • allowing a tax deduction for payments to a tax-exempt natural disaster fund.
 Related & companion bills 3
  • HR 4497 Related bill To amend the Internal Revenue Code of 1986 to provide tax relief for damages relating to federally declared disasters d…
  • HR 5082 Related bill National Disaster Tax Relief Act of 2014
  • S 2634 Related bill National Disaster Tax Relief Act of 2014
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Bennet, Michael F.
Colorado · Apr 9, 2014
 D
Booker, Cory A.
New Jersey · Apr 9, 2014
 D
Gillibrand, Kirsten E.
New York · Apr 9, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2233: National Disaster Tax Relief Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-S-2233/
MLA
"S. 2233: National Disaster Tax Relief Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2233/.
Bluebook (legal)
S. 2233, 113th Cong. (2026), https://openamerica.io/bill/113-S-2233/.
Markdown link
[S. 2233: National Disaster Tax Relief Act of 2014](https://openamerica.io/bill/113-S-2233/)
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