[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2060 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 2060

To amend the Internal Revenue Code of 1986 to allow the moving expense 
 deduction for moving expenses associated with the sale of a residence 
     eligible to receive benefits under an approved airport noise 
                         compatibility program.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 11, 1993

 Mr. Clement introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to allow the moving expense 
 deduction for moving expenses associated with the sale of a residence 
     eligible to receive benefits under an approved airport noise 
                         compatibility program.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Displaced-by-Airport Noise Homeowner 
Equity Act''.

SEC. 2. MOVING EXPENSE DEDUCTION TO APPLY TO MOVES FROM RESIDENCES 
              ELIGIBLE TO RECEIVE BENEFITS UNDER AN APPROVED AIRPORT 
              NOISE COMPATIBILITY PROGRAM.

    (a) In General.--Section 217 of the Internal Revenue Code of 1986 
(relating to moving expenses) is amended by redesignating subsection 
(j) as subsection (k) and by inserting after subsection (i) the 
following new subsection:
    ``(j) Special Rules for Moves from Residences Eligible To Receive 
Benefits Under an Approved Airport Noise Compatibility Program.--
            ``(1) In general.--In the case of noise compatibility 
        program moving expenses--
                    ``(A) this section shall be applied with respect to 
                such expenses as if they were incurred in connection 
                with the commencement of work by the taxpayer as an 
                employee at a new principal place of work,
                    ``(B) the limitations of subsection (c) shall not 
                apply.
            ``(2) Noise compatibility program moving expenses.--For the 
        purposes of this subsection, the term `noise compatibility 
        program moving expenses' means any moving expenses incurred by 
        an individual whose former residence was eligible for benefits 
        under a noise compatibility program--
                    ``(A) undertaken by an airport operator pursuant to 
                title I of the Aviation Safety and Noise Abatement Act 
                of 1979, and
                    ``(B) approved by the Secretary of 
                Transportation.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 1991.

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