A bill to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of certain disaster mitigation payments.

Fact Sheet API

Bill Number

S 586

Introduced

Mar 9, 2005

Latest Action

Sponsor introductory remarks on measure. (CR S2984)

Sponsor

Cosponsors

Topics

Capital gains tax Disaster relief Emergency Management Income tax Land transfers Public Lands and Natural Resources Tax exclusion Taxation

Full Text

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Votes

Summary

Amends the Internal Revenue Code to exclude from gross income disaster mitigation payments paid pursuant to the Robert T. Stafford Disaster Relief and Emergency Assistance Act or the National Flood Insurance Act.

Actions

Mar 17, 2005

Sponsor introductory remarks on measure. (CR S2984)
Mar 9, 2005

Read twice and referred to the Committee on Finance.
Mar 9, 2005

Introduced in Senate

Amendments

Related Bills