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    <number>3987</number>
    <updateDate>2023-01-13T04:49:56Z</updateDate>
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    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2005-10-06</introducedDate>
    <congress>109</congress>
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            <date>2005-10-06T14:05:35Z</date>
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      <item>
        <title>Economic Relief for Gulf Coast Families and Businesses Act</title>
        <congress>109</congress>
        <number>4035</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2005-10-07</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
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        <actionDate>2005-10-06</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <text>Introduced in House</text>
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        <actionDate>2005-10-06</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
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        <bioguideId>J000287</bioguideId>
        <fullName>Rep. Jindal, Bobby [R-LA-1]</fullName>
        <firstName>Bobby</firstName>
        <lastName>Jindal</lastName>
        <party>R</party>
        <state>LA</state>
        <district>1</district>
        <isByRequest>N</isByRequest>
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        <bioguideId>T000260</bioguideId>
        <fullName>Rep. Tiahrt, Todd [R-KS-4]</fullName>
        <firstName>TODD</firstName>
        <lastName>TIAHRT</lastName>
        <party>R</party>
        <state>KS</state>
        <district>4</district>
        <sponsorshipDate>2005-10-07</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S000250</bioguideId>
        <fullName>Rep. Sessions, Pete [R-TX-32]</fullName>
        <firstName>PETE</firstName>
        <lastName>SESSIONS</lastName>
        <party>R</party>
        <state>TX</state>
        <district>32</district>
        <sponsorshipDate>2005-11-03</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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    </cosponsors>
    <policyArea>
      <name>Taxation</name>
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          <name>Alabama</name>
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          <name>Capital gains tax</name>
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        <item>
          <name>Commerce</name>
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        <item>
          <name>Depreciation and amortization</name>
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        <item>
          <name>Depressed areas</name>
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        <item>
          <name>Economics and Public Finance</name>
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        <item>
          <name>Emergency Management</name>
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        <item>
          <name>Finance and Financial Sector</name>
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        <item>
          <name>Floods</name>
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          <name>Hurricane aftermath legislation</name>
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        <item>
          <name>Hurricanes</name>
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        <item>
          <name>Income tax</name>
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        <item>
          <name>Investments</name>
        </item>
        <item>
          <name>Louisiana</name>
        </item>
        <item>
          <name>Mississippi</name>
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        <item>
          <name>Partnerships</name>
        </item>
        <item>
          <name>Small business</name>
        </item>
        <item>
          <name>Stocks</name>
        </item>
        <item>
          <name>Tax credits</name>
        </item>
        <item>
          <name>Tax deductions</name>
        </item>
        <item>
          <name>Tax exclusion</name>
        </item>
        <item>
          <name>Tax rates</name>
        </item>
        <item>
          <name>Water Resources Development</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
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    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2005-10-06</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2005-10-26T18:50:24Z</updateDate>
        <text><![CDATA[ <p>Katrina Economic Opportunity Act - Amends the Internal Revenue Code to: (1) exclude from gross income gain from the sale or exchange of a Gulf Opportunity Zone asset (business stock, partnership interest, or property in a Hurricane Katrina disaster area) held for more than five years; (2) waive small business asset expensing limits for Gulf Opportunity Zone assets; and (3) qualify Gulf Opportunity Zone investments for the new markets tax credit.</p>]]></text>
      </summary>
    </summaries>
    <title>Katrina Economic Opportunity Act</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Katrina Economic Opportunity Act</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to provide tax incentives for Hurricane Katrina recovery in the Gulf Opportunity Zone.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Katrina Economic Opportunity Act</title>
      </item>
    </titles>
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        <type>Introduced in House</type>
        <date>2005-10-06T04:00:00Z</date>
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    <latestAction>
      <actionDate>2005-10-06</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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