Louisiana Flood and Storm Devastation Tax Relief Act of 2016
Latest action · Sep 22, 2016 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.
- IntroducedSep 22, 2016
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Louisiana Flood and Storm Devastation Tax Relief Act of 2016
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 of 2016; and
- before April 21, 2016, by reason of severe storms and flooding occurring in Louisiana during March and April of 2016.
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; (4) and various tax deductions, exclusions, and credits related to losses and recovery from the storms and flooding.
Cosponsors
Members who signed on, in the order they did.
Actions 2
Everything that happened, newest first.
- Sep 22, 2016Introduced in House
- Sep 22, 2016Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3358 | Flood Emergency Tax Relief Act of 2016 (FLETRA) | Related bill | Sep 20, 2016 |
Subjects
Assigned by the Library of Congress. Policy area: 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
- Poverty and welfare assistance
- Residential rehabilitation and home repair
- Securities
- Small business
- Social work, volunteer service, charitable organizations
- Tax administration and collection, taxpayers
- Taxation
- Teaching, teachers, curricula
- Transportation costs
- Wages and earnings
Text 1
Each version as it was printed, newest first.
- Sep 22, 2016Introduced 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.