[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1445 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 1445

To amend the Internal Revenue Code of 1986 to provide for the exclusion 
from gross income for amounts paid to individuals pursuant to the Road 
                             Home program.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 9, 2007

Mr. Jefferson 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 provide for the exclusion 
from gross income for amounts paid to individuals pursuant to the Road 
                             Home 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 ``Tax Free Road Home Act of 2007''.

SEC. 2. EXCLUSION OF ROAD HOME PROGRAM PAYMENTS FROM GROSS INCOME.

    (a) In General.--Subsection (b) of section 139 of the Internal 
Revenue Code of 1986 (relating to qualified disaster relief payment 
defined) is amended by striking ``or'' at the end of paragraph (3), by 
adding ``or'' at the end of paragraph (4), and by inserting after 
paragraph (4) the following new paragraph:
            ``(5) to rebuild or renew a personal residence pursuant to 
        the Road Home program created by the Louisiana Recovery 
        Authority and funded by the community development block grant 
        programs under title I of the Housing and Community Development 
        Act of 1974 (42 U.S.C. 5301 et seq.),''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2005.
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