Hurricane Wilma Taxpayer Relief Act of 2005
Latest action · Nov 15, 2005 Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedNov 15, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Hurricane Wilma Taxpayer Relief Act of 2005 - Amends the Internal Revenue to provide tax relief for victims of Hurricane Wilma, including by: (1) exempting retirement plan distributions for Hurricane Wilma relief made after October 23, 2005, and before January 1, 2007, from the penalty for premature retirement plan distributions. (2) allowing three-year income averaging, for income tax purposes, of retirement plan distributions for Hurricane Wilma relief; (3) allowing the recontribution of retirement plan distributions intended for home purchases that were canceled due to Hurricane Wilma; (4) allowing tax-free loans from retirement plans for Hurricane Wilma relief; (5) suspending limitations on the tax deduction for the charitable contributions of corporations for Hurricane Wilma relief; (6) increasing the standard mileage rate for the charitable use of a vehicle for Hurricane Wilma relief; (7) excluding from the gross income of charitable volunteers reimbursements for the use of automobiles to provide Hurricane Wilma relief; (8) suspending limitations on the tax deduction for personal casualty losses attributable to Hurricane Wilma; and (9) extending from two to five years the mandatory replacement period for property compulsorily or involuntarily converted due to Hurricane Wilma.
Declares that any provision of this Act causing an effect on receipts, budget authority, or outlays is designated as an emergency requirement (pursuant to section 402 of H. Con. Res. 95 [109th Congress]).
Cosponsors 17
Members who signed on, in the order they did. Signatures ran from Nov 15, 2005 to Dec 8, 2005; 16 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Adam H. Putnam | Original | Nov 15, 2005 |
| D-FL | Alcee L. Hastings | Original | Nov 15, 2005 |
| R-FL | Ander Crenshaw | Original | Nov 15, 2005 |
| R-FL | Connie Mack | Original | Nov 15, 2005 |
| D-FL | Corrine Brown | Original | Nov 15, 2005 |
| D-FL | Debbie Wasserman Schultz | Original | Nov 15, 2005 |
| R-FL | Ginny Brown-Waite | Original | Nov 15, 2005 |
| R-FL | Ileana Ros-Lehtinen | Original | Nov 15, 2005 |
| R-FL | Jeff Miller | Original | Nov 15, 2005 |
| D-FL | Jim Davis | Original | Nov 15, 2005 |
| R-FL | Katherine Harris | Original | Nov 15, 2005 |
| R-FL | Lincoln Diaz-Balart | Original | Nov 15, 2005 |
| R-FL | Mario Diaz-Balart | Original | Nov 15, 2005 |
| R-FL | Mark Foley | Original | Nov 15, 2005 |
| R-FL | Michael Bilirakis | Original | Nov 15, 2005 |
| D-FL | Robert Wexler | Original | Nov 15, 2005 |
| R-FL | C. W. Bill Young | Dec 8, 2005 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Nov 15, 2005 |
| House | Budget Committee | Referred Nov 15, 2005 |
Actions 2
Everything that happened, newest first.
- Nov 15, 2005Introduced in House
- Nov 15, 2005Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To provide emergency tax relief for persons affected by Hurricane Wilma.
- Short Titles as Introduced
- Hurricane Wilma Taxpayer Relief Act of 2005
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Accounting
- Annuities
- Automobiles
- Capital gains tax
- Charitable contributions
- Civil service retirement
- Collection of accounts
- Commerce
- Corporate philanthropy
- Corporation taxes
- Disaster relief
- Disasters
- Economics and Public Finance
- Emergency Management
- Federal budgets
- Finance and Financial Sector
- Florida
- Government Operations and Politics
- Home ownership
- Housing and Community Development
- Housing finance
- Hurricane aftermath legislation
- Hurricanes
- Income tax
- Individual retirement accounts
- Labor and Employment
- Law
- Loans
- Losses
- Off-budget expenditures
- Pension funds
- Social Welfare
- Tax deductions
- Tax exclusion
- Tax exemption
- Tax penalties
- Tax-deferred compensation plans
- Taxation
- Transportation and Public Works
- Travel costs
- Trusts and trustees
- Volunteer workers
Text 1
Each version as it was printed, newest first.
- Nov 15, 2005Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.