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HR 2849 115th Congress House Taxation Atmospheric science and weather Books and print media Capital gains tax Charitable contributions Disaster relief and insurance Economic development Elementary and secondary education Employee benefits and pensions Floods and storm protection Forests, forestry, trees Hazardous wastes and toxic substances Housing finance and home ownership Income tax credits Income tax deductions Income tax deferral Income tax exclusion Louisiana Low- and moderate-income housing Motor vehicles

Louisiana Flood and Storm Devastation Tax Relief Act of 2017

Introduced: June 8, 2017 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
Jun 8, 2017
Referred to the House Committee on Ways and Means.
Jun 8, 2017
Introduced in House
 Plain-English summary Congressional Research Service

Louisiana Flood and Storm Devastation Tax Relief Act of 2017

This bill amends the Internal Revenue Code to modify several tax provisions and rules for individuals and businesses affected by storms and flooding in Louisiana.

The bill applies to the area with respect to which a major disaster has been declared by the President under the Robert T. Stafford Disaster Relief and Emergency Assistance Act:

  • before September 3, 2016, by reason of severe storms and flooding occurring in Louisiana during August 2016;
  • before April 21, 2016, by reason of severe storms and flooding occurring in Louisiana during March and April 2016; and
  • before February 12, 2017, by reason of tornadoes, storms, and straight-line winds occurring in Louisiana on February 7, 2017.

For individuals and businesses in the specified Louisiana storm and flood disaster area, the bill modifies tax provisions and rules regarding: (1) early withdrawals of retirement funds; (2) employment-related tax credits; (3) charitable contributions; and (4) various tax deductions, exclusions, and credits related to losses and recovery from the storms and flooding.

What's happening now June 8, 2017

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1