[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4052 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 4052

  To amend the Internal Revenue Code of 1986 to make certain disaster 
                      relief provisions permanent.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 6, 2009

Mr. Kind (for himself, Mr. Carnahan, Mr. Davis of Alabama, Mr. Herger, 
Mr. Melancon, Mr. Paul, and Mr. Tanner) 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 make certain disaster 
                      relief provisions permanent.

    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 ``Fair Disaster Tax Relief Act of 
2009''.

SEC. 2. CERTAIN DISASTER RELIEF PROVISIONS MADE PERMANENT.

    (a) Losses.--
            (1) In general.--Section 165(h)(3)(B)(i)(I) of the Internal 
        Revenue Code of 1986 is amended by striking ``before January 1, 
        2010''.
            (2) Limitation on individual loss per casualty.--Section 
        165(h)(1) of such Code is amended by striking ``($100 for 
        taxable years beginning after December 31, 2009)''.
            (3) Effective date.--
                    (A) In general.--The amendment made by paragraph 
                (1) shall apply to disasters declared in taxable years 
                beginning after December 31, 2009.
                    (B) Increase in casualty.--The amendment made by 
                paragraph (2) shall apply to taxable years beginning 
                after December 31, 2009.
    (b) Expensing of Qualified Disaster Expenses.--
            (1) In general.--Section 198A(b)(2)(A) of such Code is 
        amended by striking ``occurring before January 1, 2010''.
            (2) Effective date.--The amendment made by paragraph (1) 
        shall apply to amounts paid or incurred after December 31, 
        2010, in connection with disasters declared after such date.
    (c) Net Operating Losses Attributable to Federally Declared 
Disasters.--
            (1) In general.--Section 172(j)(1)(A)(i)(I) of such Code is 
        amended by striking ``occurring before January 1, 2010''.
            (2) Effective date.--The amendment made by paragraph (1) 
        shall apply to losses arising in taxable years beginning after 
        December 31, 2009, in connection with disasters declared after 
        such date.
    (d) Waiver of Certain Mortgage Revenue Bond Requirements Following 
Federally Declared Disasters.--
            (1) In general.--Section 143(k)(12) of such Code is 
        amended--
                    (A) in subparagraph (A)(i) by striking ``occurring 
                before January 1, 2010'', and
                    (B) in subparagraph (B)(i) by striking ``occurring 
                before January 1, 2010,''.
            (2) Effective date.--The amendment made by paragraph (1) 
        shall apply to disasters occurring after December 31, 2009.
    (e) Special Depreciation Allowance for Qualified Disaster 
Property.--
            (1) In general.--Section 168(n)(2)(A)(ii)(I) of such Code 
        is amended by striking ``occurring before January 1, 2010''.
            (2) Effective date.--The amendment made by paragraph (1) 
        shall apply to property placed in service after December 31, 
        2009, with respect disasters declared after such date.
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