HR 6640 · 110th Congress 2007–2009, ended

Fair Disaster Tax Relief Act of 2008

Introduced Jul 29, 2008 Originated House Sponsor Ron Kind D-WI

Fact sheet

Latest action · Jul 29, 2008 Referred to the House Committee on Ways and Means.

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.

  1. IntroducedJul 29, 2008
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Fair Disaster Tax Relief Act of 2008 - Amends the Internal Revenue Code to provide special tax rules for individuals affected by a federally declared disaster, including: (1) allowance of all personal casualty losses incurred in a federally declared disaster in excess of $500; (2) an increase in the standard tax deduction for disaster losses; (3) full expensing of business-related disaster cleanup expenses; (4) extension of the net operating loss carryback period from two to five years for disaster-related losses; and (5) allowance of tax-exempt bond financing of low-interest loans for principal residences damaged in a federally declared disaster.

Cosponsors 18

Members who signed on, in the order they did. Signatures ran from Jul 29, 2008 to Sep 18, 2008, with 13 there on the day it was introduced.

SeatCosponsorSigned on
D-ALArtur DavisOriginalJul 29, 2008
D-LACharlie MelanconOriginalJul 29, 2008
D-LADonald J. Cazayoux Jr.OriginalJul 29, 2008
R-WIF. James Sensenbrenner, Jr.OriginalJul 29, 2008
D-WIGwen MooreOriginalJul 29, 2008
D-GAJohn LewisOriginalJul 29, 2008
D-TNJohn S. TannerOriginalJul 29, 2008
D-FLKendrick B. MeekOriginalJul 29, 2008
D-MEMichael H. MichaudOriginalJul 29, 2008
R-TXRon PaulOriginalJul 29, 2008
D-MORuss CarnahanOriginalJul 29, 2008
D-NYTimothy H. BishopOriginalJul 29, 2008
D-LAWilliam J. JeffersonOriginalJul 29, 2008
D-NCBrad MillerAug 1, 2008
R-CAWally HergerAug 1, 2008
Show all 18 cosponsors

Actions 2

Everything that happened, newest first.

  1. Jul 29, 2008Introduced in House
  2. Jul 29, 2008Referred to the House Committee on Ways and Means.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 7006Disaster Tax Relief Act of 2008Related billDec 9, 2008

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Jul 29, 2008Introduced in House

Support LegiList

This page is free, carries no paywall, and is built and maintained by one person. If the record here is useful to you, a few dollars keeps it going.

$1 $5 $10

Processed by Stripe in a separate window. LegiList never sees card details.

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.