I 112th CONGRESS 1st Session H. R. 2901 IN THE HOUSE OF REPRESENTATIVES September 13, 2011 Mr. Braley of Iowa 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 extend increase the rehabilitation credit applicable to Heartland disaster relief.

1.

Short title

This Act may be cited as the Rebuilding Communities Act of 2011.

2.

Extension of increase in rehabilitation credit applicable to Heartland disaster relief

(a)

In general

Subparagraph (B) of section 702(d)(5) of the Heartland Disaster Tax Relief Act of 2008 (relating to increase in rehabilitation credit) is amended by striking December 31, 2011 and inserting December 31, 2014. (b)

Effective date

The amendment made by subsection (a) shall take effect on the date of the enactment of this Act.