115 HR 3823 EH: Disaster Tax Relief and Airport and Airway Extension Act of 2017
U.S. House of Representatives
text/xml
EN
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.
1.Short title; table of contents
(a)This Act may be cited as the Disaster Tax Relief and Airport and Airway Extension Act of 2017
. (b)The table of contents for this Act is as follows:
Sec. 1. Short title; table of contents.
Title I—Federal Aviation Programs
Sec. 101. Extension of airport improvement program.
Sec. 102. Extension of expiring authorities.
Sec. 103. Federal Aviation Administration operations.
Sec. 104. Small community air service.
Sec. 105. Air navigation facilities and equipment.
Sec. 106. Research, engineering, and development.
Sec. 107. Funding for aviation programs.
Title II—Aviation Revenue Provisions
Sec. 201. Expenditure authority from Airport and Airway Trust Fund.
Sec. 202. Extension of taxes funding Airport and Airway Trust Fund.
Title III—Expiring Health Provisions
Sec. 301. Extension of certain public health programs.
Sec. 302. Extension of Medicare Patient IVIG Access Demonstration Project.
Sec. 303. Funds from the Medicare Improvement Fund.
Title IV—Development of Private Flood Insurance Market
Sec. 401. Private flood insurance.
Title V—Tax Relief for Hurricanes Harvey, Irma, and Maria
Sec. 501. Definitions.
Sec. 502. Special disaster-related rules for use of retirement funds.
Sec. 503. Disaster-related employment relief.
Sec. 504. Additional disaster-related tax relief provisions.
Sec. 505. Budgetary effects.
<enum>I</enum><header>Federal Aviation Programs</header>
<section id="HF313C34837E041E39D1F28BC329BFE59"><enum>101.</enum><header>Extension of airport improvement program</header>
<subsection id="H85CF17E1E4274F498613948344E5A0EB"><enum>(a)</enum><header>Authorization of appropriations</header>
<paragraph id="H0DE79BD17E9A4240B2F11F04B2960295"><enum>(1)</enum><header>In general</header><text>Section 48103(a) of title 49, United States Code, is amended by striking the period at the end and inserting <quote>and $1,670,410,959 for the period beginning on October 1, 2017, and ending on March 31, 2018.</quote>.</text> </paragraph> <paragraph id="HE375542F2FF546E1AEF8B5DD769260A3"><enum>(2)</enum><header>Obligation of amounts</header><text>Subject to limitations specified in advance in appropriations Acts, sums made available pursuant to the amendment made by paragraph (1) may be obligated at any time through September 30, 2018, and shall remain available until expended.</text> </paragraph>
<paragraph id="H8DD0063F2B8A4CEDA313A6589F983530"><enum>(3)</enum><header>Program implementation</header><text>For purposes of calculating funding apportionments and meeting other requirements under sections 47114, 47115, 47116, and 47117 of title 49, United States Code, for the period beginning on October 1, 2017, and ending on March 31, 2018, the Administrator of the Federal Aviation Administration shall—</text> <subparagraph id="H6418059A5E4F424AA379D772DBB7D26E"><enum>(A)</enum><text>first calculate such funding apportionments on an annualized basis as if the total amount available under section 48103 of such title for fiscal year 2018 were $3,350,000,000; and</text> </subparagraph>
<subparagraph id="HD5BDAF14BF964E1D9D5BB30122574FCD"><enum>(B)</enum><text>then reduce by 50 percent—</text> <clause id="H7D277D86E46F45699E1B3E91C459B60F"><enum>(i)</enum><text>all funding apportionments calculated under subparagraph (A); and</text> </clause>
<clause id="H637BDE915008486EA722ED17948253A0"><enum>(ii)</enum><text>amounts available pursuant to sections 47117(b) and 47117(f)(2) of such title.</text> </clause></subparagraph></paragraph></subsection> <subsection id="H4AB404D3EB4647E9A4E289060F6F0A1B"><enum>(b)</enum><header>Project grant authority</header><text display-inline="yes-display-inline">Section 47104(c) of title 49, United States Code, is amended in the matter preceding paragraph (1) by striking <quote>September 30, 2017,</quote> and inserting <quote>March 31, 2018,</quote>.</text> </subsection></section>
<section id="H72406F92AC5445BCA39FD18455E57193"><enum>102.</enum><header>Extension of expiring authorities</header>
<subsection id="H43FD7C9443F04877A23F2CC19D35B849"><enum>(a)</enum><text display-inline="yes-display-inline">Section 47107(r)(3) of title 49, United States Code, is amended by striking <quote>October 1, 2017</quote> and inserting <quote>April 1, 2018</quote>.</text> </subsection> <subsection id="H2D0E3386188C415CA8F5C010DA9FE200"><enum>(b)</enum><text display-inline="yes-display-inline">Section 47114(c)(1)(F) of title 49, United States Code, is amended—</text>
<paragraph id="H28A026EA59F44138BBCCB36B85E9658A"><enum>(1)</enum><text display-inline="yes-display-inline">in the subparagraph heading by striking <quote><header-in-text level="subparagraph" style="USC">for fiscal year 2017</header-in-text></quote>; and</text> </paragraph> <paragraph id="HD7C505F95A084F7882BDAADDD42E2C98"><enum>(2)</enum><text display-inline="yes-display-inline">in the matter preceding clause (i) by striking <quote>for fiscal year 2017 an amount</quote> and inserting <quote>for each of fiscal years 2017 and 2018 an amount</quote>.</text> </paragraph></subsection>
<subsection id="H7E20EC298956444E935C7E1E5B394716"><enum>(c)</enum><text display-inline="yes-display-inline">Section 47115(j) of title 49, United States Code, is amended by inserting <quote>and for the period beginning on October 1, 2017, and ending on March 31, 2018</quote> after <quote>fiscal years 2012 through 2017</quote>.</text> </subsection> <subsection id="H27C0ED0DA39244AAB0A25EE4755FEB2B"><enum>(d)</enum><text>Section 47124(b)(3)(E) of title 49, United States Code, is amended by inserting <quote>and not more than $5,160,822 for the period beginning on October 1, 2017, and ending on March 31, 2018,</quote> after <quote>fiscal years 2012 through 2017</quote>.</text> </subsection>
<subsection id="H698D197AE27A43B0815D29FC6C903B13"><enum>(e)</enum><text>Section 47141(f) of title 49, United States Code, is amended by striking <quote>September 30, 2017</quote> and inserting <quote>March 31, 2018</quote>.</text> </subsection> <subsection id="H36CAFB5EBAD5400BB959717BF437B7A5"><enum>(f)</enum><text>Section 186(d) of the Vision 100—Century of Aviation Reauthorization Act (117 Stat. 2518) is amended by inserting <quote>and for the period beginning on October 1, 2017, and ending on March 31, 2018,</quote> after <quote>fiscal years 2012 through 2017</quote>.</text> </subsection>
<subsection id="HB37DBF90D2154DB29ABF018529A254C1"><enum>(g)</enum><text>Section 409(d) of the Vision 100—Century of Aviation Reauthorization Act (<external-xref legal-doc="usc" parsable-cite="usc/49/41731">49 U.S.C. 41731</external-xref> note) is amended by striking <quote>September 30, 2017</quote> and inserting <quote>March 31, 2018</quote>.</text> </subsection> <subsection id="HF5D0EAF2E3CE4DC4821449479A120E50"><enum>(h)</enum><text>Section 140(c)(1) of the FAA Modernization and Reform Act of 2012 (126 Stat. 28) is amended by striking <quote>2017</quote> and inserting <quote>2018</quote>.</text> </subsection>
<subsection id="HDAA18F401B724161A9BA6265FA266D35"><enum>(i)</enum><text>Section 411(h) of the FAA Modernization and Reform Act of 2012 (<external-xref legal-doc="usc" parsable-cite="usc/49/42301">49 U.S.C. 42301</external-xref> prec. note) is amended by striking <quote>September 30, 2017</quote> and inserting <quote>March 31, 2018</quote>.</text> </subsection> <subsection id="H12761715250E4AFF90EB1F6E6476FC4B"><enum>(j)</enum><text>Section 822(k) of the FAA Modernization and Reform Act of 2012 (<external-xref legal-doc="usc" parsable-cite="usc/49/47141">49 U.S.C. 47141</external-xref> note) is amended by striking <quote>September 30, 2017</quote> and inserting <quote>March 31, 2018</quote>.</text> </subsection>
<subsection id="HEAD994E11C2646AA9A362E1E6600E9F5"><enum>(k)</enum><text>Section 2306(b) of the FAA Extension, Safety, and Security Act of 2016 (130 Stat. 641) is amended by striking <quote>October 1, 2017</quote> and inserting <quote>April 1, 2018</quote>.</text> </subsection></section> <section id="HCAD1A6FBFF27457B9D8BF548A160A4F8"><enum>103.</enum><header>Federal Aviation Administration operations</header><text display-inline="no-display-inline">Section 106(k) of title 49, United States Code, is amended—</text>
<paragraph id="H3C128737E38249B0963ACDF54B61F3BE"><enum>(1)</enum><text>in paragraph (1)—</text> <subparagraph id="H040C5D505BC346909EF79BF2420423FF"><enum>(A)</enum><text>in subparagraph (D) by striking <quote>and</quote> at the end;</text> </subparagraph>
<subparagraph id="H7B1BE90B69AD419FACB9D2676C1A6DDA"><enum>(B)</enum><text>in subparagraph (E) by striking the period at the end and inserting <quote>; and</quote>; and</text> </subparagraph> <subparagraph id="HF2747E7BC2D64ACEAB04DCFBBB321CFE"><enum>(C)</enum><text>by inserting after subparagraph (E) the following:</text>
<quoted-block display-inline="no-display-inline" id="HB68769D0634A4295A3EB19151029A96F" style="USC">
<subparagraph id="H9FB29048E67E4C429C4467394054ED4B"><enum>(F)</enum><text display-inline="yes-display-inline">$4,999,191,956 for the period beginning on October 1, 2017, and ending on March 31, 2018.</text></subparagraph><after-quoted-block>; and</after-quoted-block></quoted-block> </subparagraph></paragraph> <paragraph id="H133D5122C0AF48B4B6DCB7575B17DF2E"><enum>(2)</enum><text>in paragraph (3) by inserting <quote>and for the period beginning on October 1, 2017, and ending on March 31, 2018</quote> after <quote>fiscal years 2012 through 2017</quote>.</text> </paragraph></section>
<section id="HFECEF70C9DCD4BCFA1ED22669D134037"><enum>104.</enum><header>Small community air service</header>
<subsection id="HE328C04FE22044009A199621D7E3484B"><enum>(a)</enum><header>Essential air service authorization</header><text display-inline="yes-display-inline">Section 41742(a)(2) of title 49, United States Code, is amended by striking <quote>and $175,000,000 for each of fiscal years 2016 and 2017</quote> and inserting <quote>$175,000,000 for each of fiscal years 2016 and 2017, and $74,794,521 for the period beginning on October 1, 2017, and ending on March 31, 2018,</quote>.</text> </subsection> <subsection id="H5443E9B3D68A4917941FDED8779395A0"><enum>(b)</enum><header>Airports not receiving sufficient service</header><text display-inline="yes-display-inline">Section 41743(e)(2) of title 49, United States Code, is amended by inserting <quote>and $4,986,301 for the period beginning on October 1, 2017, and ending on March 31, 2018,</quote> after <quote>fiscal years 2012 through 2017</quote>.</text> </subsection></section>
<section id="H1BD2ABB3CAA24CD7B8B9ED18E6745ECA"><enum>105.</enum><header>Air navigation facilities and equipment</header><text display-inline="no-display-inline">Section 48101(a) of title 49, United States Code, is amended by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="HF5DFF0AB11784212A7DFA2AC5D6D1643" style="OLC"> <paragraph id="H93B6FFC4648A45B1B967933EDB5571C7"><enum>(6)</enum><text display-inline="yes-display-inline">$1,423,589,041 for the period beginning on October 1, 2017, and ending on March 31, 2018.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </section>
<section id="HA5334D82DEDB474FB88E8A2A8D2DD4DA"><enum>106.</enum><header>Research, engineering, and development</header><text display-inline="no-display-inline">Section 48102(a) of title 49, United States Code, is amended—</text> <paragraph id="HB2C9768952E248F498F575F860567091"><enum>(1)</enum><text>in paragraph (8) by striking <quote>and</quote> at the end;</text> </paragraph>
<paragraph id="HB63C50BC7C3B4EA88A09F03AFAD90AF7"><enum>(2)</enum><text>in paragraph (9) by striking the period at the end and inserting <quote>; and</quote>; and</text> </paragraph> <paragraph id="H6120159B9A334C02B70C816CAF697D0B"><enum>(3)</enum><text>by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="H0A1D69D6582F48B29DB16A2F86D0B9BB" style="USC">
<paragraph id="HAA3161ABCDC343C7AB77E99A01BD5928"><enum>(10)</enum><text display-inline="yes-display-inline">$88,008,219 for the period beginning on October 1, 2017 and ending on March 31, 2018.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></section> <section id="H25655693997F45B381F7F5A892679AD4"><enum>107.</enum><header>Funding for aviation programs</header> <subsection id="H6A115625BDDC4B06859DF7EADB46F65B"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Section 48114 of title 49, United States Code, is amended—</text>
<paragraph id="H628F628C3F1B4427BD171B6AF1A37642"><enum>(1)</enum><text>in subsection (a)(2) by striking <quote>2017</quote> and inserting <quote>2018</quote>; and</text> </paragraph> <paragraph id="HDCF9E491F41B4D1F864D96A24984C2C5"><enum>(2)</enum><text>in subsection (c)(2) by striking <quote>2017</quote> and inserting <quote>2018</quote>.</text> </paragraph></subsection>
<subsection id="H974968C0A5A445809BAD1CE97110459A"><enum>(b)</enum><header>Compliance with funding requirements</header><text>The budget authority authorized in this title, including the amendments made by this title, shall be deemed to satisfy the requirements of subsections (a)(1)(B) and (a)(2) of section 48114 of title 49, United States Code, for the period beginning on October 1, 2017, and ending on March 31, 2018.</text> </subsection></section> <enum>II</enum><header>Aviation Revenue Provisions</header> <section id="H3C380887108647D0BDF7C4027E025785"><enum>201.</enum><header>Expenditure authority from Airport and Airway Trust Fund</header> <subsection id="H1835A67CDB4F48D591E7064014A82670"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline"><external-xref legal-doc="usc" parsable-cite="usc/26/9502">Section 9502(d)(1)</external-xref> of the Internal Revenue Code of 1986 is amended—</text>
<paragraph id="H903C6BB56D114B4F8AAC33169C85A4B1"><enum>(1)</enum><text>in the matter preceding subparagraph (A) by striking <quote>October 1, 2017</quote> and inserting <quote>April 1, 2018</quote>; and</text> </paragraph> <paragraph id="HC1D91EED1D004C22B3DA8F4359882353"><enum>(2)</enum><text>in subparagraph (A) by striking the semicolon at the end and inserting <quote>or the Disaster Tax Relief and Airport and Airway Extension Act of 2017;</quote>.</text> </paragraph></subsection>
<subsection id="HC87F34044C514E72A7595C4C06588651"><enum>(b)</enum><header>Conforming amendment</header><text>Section 9502(e)(2) of such Code is amended by striking <quote>October 1, 2017</quote> and inserting <quote>April 1, 2018</quote>.</text> </subsection></section> <section id="H949BD7E549854F74AE168A683F1E22C4"><enum>202.</enum><header>Extension of taxes funding Airport and Airway Trust Fund</header> <subsection id="H55540F24237A458E82813864D9709185"><enum>(a)</enum><header>Fuel taxes</header><text display-inline="yes-display-inline"><external-xref legal-doc="usc" parsable-cite="usc/26/4081">Section 4081(d)(2)(B)</external-xref> of the Internal Revenue Code of 1986 is amended by striking <quote>September 30, 2017</quote> and inserting <quote>March 31, 2018</quote>.</text> </subsection>
<subsection id="HB98A1C28A65E4EBD98C7E0F29CB36C81"><enum>(b)</enum><header>Ticket taxes</header>
<paragraph id="H1C27A53EFA5A49C8B0A088116A6BD9A8"><enum>(1)</enum><header>Persons</header><text display-inline="yes-display-inline">Section 4261(k)(1)(A)(ii) of such Code is amended by striking <quote>September 30, 2017</quote> and inserting <quote>March 31, 2018</quote>.</text> </paragraph> <paragraph id="H45FD176CC8664B4A9A396D6815EB65EF"><enum>(2)</enum><header>Property</header><text>Section 4271(d)(1)(A)(ii) of such Code is amended by striking <quote>September 30, 2017</quote> and inserting <quote>March 31, 2018</quote>.</text> </paragraph></subsection>
<subsection id="H7F7F46A602F84F43919AC92013649478"><enum>(c)</enum><header>Fractional ownership programs</header>
<paragraph id="HCE3B6E1E4FDF44F8AC1618E72D95B331"><enum>(1)</enum><header>Treatment as noncommercial aviation</header><text display-inline="yes-display-inline">Section 4083(b) of such Code is amended by striking <quote>October 1, 2017</quote> and inserting <quote>April 1, 2018</quote>.</text> </paragraph> <paragraph id="HFFAE83A7459B4DF099262116FD87746B"><enum>(2)</enum><header>Exemption from ticket taxes</header><text>Section 4261(j) of such Code is amended by striking <quote>September 30, 2017</quote> and inserting <quote>March 31, 2018</quote>.</text> </paragraph></subsection></section>
<enum>III</enum><header>Expiring Health Provisions</header>
<section id="H8E6230BC2DEB4DAEB3CD7919A93D53CF" section-type="subsequent-section"><enum>301.</enum><header>Extension of certain public health programs</header>
<subsection id="H5BEEECB3B28F47248F5C7E1D8764633D"><enum>(a)</enum><header>Extension of program of payments to teaching health centers that operate graduate medical education programs</header><text display-inline="yes-display-inline">Section 340H(g) of the Public Health Service Act (<external-xref legal-doc="usc" parsable-cite="usc/42/256h">42 U.S.C. 256h(g)</external-xref>) is amended—</text> <paragraph id="HA3DB569A6AB0435E921730845783B974"><enum>(1)</enum><text>by striking <quote>and $60,000,000</quote> and inserting <quote>, $60,000,000</quote>; and</text> </paragraph>
<paragraph id="H05D49A7E2E5143AC8558B7D4895D9937"><enum>(2)</enum><text>by inserting <quote>, and $15,000,000 for the first quarter of fiscal year 2018</quote> before the period at the end.</text> </paragraph></subsection> <subsection id="HECD11A086E524975901D33FC7BFA6316"><enum>(b)</enum><header>Extension of special diabetes program for Indians</header><text>Section 330C(c)(2) of the Public Health Service Act (<external-xref legal-doc="usc" parsable-cite="usc/42/254c-3">42 U.S.C. 254c–3(c)(2)</external-xref>) is amended—</text>
<paragraph id="H76A4E2B07BA84C7D930F389CAFC75A6C"><enum>(1)</enum><text>in subparagraph (B), by striking <quote>and</quote> at the end;</text> </paragraph> <paragraph id="H8EF31C0FE7B74A70966DF09BCACDE497"><enum>(2)</enum><text>in subparagraph (C), by striking the period at the end and inserting <quote>; and</quote>; and</text> </paragraph>
<paragraph id="H88531A1E63C045798ADFB4DCDA3B7779"><enum>(3)</enum><text>by adding at the end the following new subparagraph:</text> <quoted-block display-inline="no-display-inline" id="H4FA034D2F5A740EDA9AC71C9A5A7E7D3" style="OLC"> <subparagraph id="H099B7D14F7C24A1B92CCBBB6F1B22073"><enum>(D)</enum><text display-inline="yes-display-inline">$37,500,000 for the first quarter of fiscal year 2018.</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection>
<subsection id="H5C7BB21B08794C63AD6810AAC179D68D"><enum>(c)</enum><header>Technical corrections</header><text>Part D of the Public Health Service Act is amended by redesignating—</text> <paragraph id="H4DB747BBA510492F9495179B6EB793EA"><enum>(1)</enum><text display-inline="yes-display-inline">the second subpart XI (<external-xref legal-doc="usc" parsable-cite="usc/42/256i">42 U.S.C. 256i</external-xref>; relating to a community-based collaborative care network program) as subpart XII; and</text> </paragraph>
<paragraph id="H8ECC3FF4F7404029893BA46C02BC8139"><enum>(2)</enum><text>the second section 340H (<external-xref legal-doc="usc" parsable-cite="usc/42/256i">42 U.S.C. 256i</external-xref>) as section 340I.</text> </paragraph></subsection></section> <section id="H9E9AE5F6F4994B25AD3890E20899F7DA"><enum>302.</enum><header>Extension of Medicare Patient IVIG Access Demonstration Project</header><text display-inline="no-display-inline">Section 101(b) of the Medicare IVIG Access and Strengthening Medicare and Repaying Taxpayers Act of 2012 (<external-xref legal-doc="usc" parsable-cite="usc/42/1395l">42 U.S.C. 1395l</external-xref> note) is amended—</text>
<paragraph id="HCBC4133653B34FF5A01E925FDFA6A2EF"><enum>(1)</enum><text>in paragraph (1), by inserting after <quote>for a period of 3 years</quote> the following:</text> <quoted-block display-inline="yes-display-inline" id="H7C3E5A39C9D34F738A0E4971B766E434" style="OLC"> <text>and, subject to the availability of funds under subsection (g)—</text>
<subparagraph id="H1B4AD4786639447AB13A0D3046DC0CB8"><enum>(A)</enum><text display-inline="yes-display-inline">if the date of enactment of the Disaster Tax Relief and Airport and Airway Extension Act of 2017 is on or before September 30, 2017, for the period beginning on October 1, 2017, and ending on December 31, 2020; and</text> </subparagraph> <subparagraph id="H907995558F6C488B8DFCDF748674AE06"><enum>(B)</enum><text display-inline="yes-display-inline">if the date of enactment of such Act is after September 30, 2017, for the period beginning on the date of enactment of such Act and ending on December 31, 2020</text></subparagraph><after-quoted-block>; and</after-quoted-block></quoted-block> </paragraph>
<paragraph id="H1A3B606A88954EE5A4DA34ED7797E39C"><enum>(2)</enum><text display-inline="yes-display-inline">in paragraph (2), by adding at the end the following new sentences: <quote>Subject to the preceding sentence, a Medicare beneficiary enrolled in the demonstration project on September 30, 2017, shall be automatically enrolled during the period beginning on the date of the enactment of the Disaster Tax Relief and Airport and Airway Extension Act of 2017 and ending on December 31, 2020, without submission of another application.</quote>.</text> </paragraph></section> <section id="H099DEAEF9DE34EEEA78FCF7A29F2E998"><enum>303.</enum><header>Funds from the Medicare Improvement Fund</header><text display-inline="no-display-inline">Section 1898(b)(1) of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/1395iii">42 U.S.C. 1395iii(b)(1)</external-xref>) is amended by striking <quote>during and after fiscal year 2021, $270,000,000</quote> and inserting <quote>during and after fiscal year 2021, $220,000,000</quote>.</text> </section>
<enum>IV</enum><header>Development of Private Flood Insurance Market</header>
<section id="HE4332FC29BCF48398D8B14E8067EE459" section-type="subsequent-section"><enum>401.</enum><header>Private flood insurance</header>
<subsection id="H81EB123A14CC44CAA731F44FF1003283"><enum>(a)</enum><header>Flood Insurance mandatory purchase requirement</header>
<paragraph id="H5CAF2427E5874F40B66F2EE3CD808AAD"><enum>(1)</enum><header>Amount and term of coverage</header><text>Section 102 of the Flood Disaster Protection Act of 1973 (<external-xref legal-doc="usc" parsable-cite="usc/42/4012a">42 U.S.C. 4012a</external-xref>) is amended by striking <quote>Sec. 102. (a)</quote> and all that follows through the end of subsection (a) and inserting the following:</text> <quoted-block display-inline="no-display-inline" id="H1F01D7735BC74F74BB12EF75CAF0DD86" style="traditional"> <section commented="no" display-inline="no-display-inline" id="H9FD13FBB36F04DEA99E2498BDB9947C5" section-type="subsequent-section"><enum>102.</enum> <subsection commented="no" display-inline="yes-display-inline" id="H3822994E08614C09A478A0C8E6CEB388"><enum>(a)</enum><header>Amount and term of coverage</header><text display-inline="yes-display-inline">After the expiration of sixty days following the date of the enactment of this Act, no Federal officer or agency shall approve any financial assistance for acquisition or construction purposes for use in any area that has been identified by the Administrator as an area having special flood hazards and in which the sale of flood insurance has been made available under the National Flood Insurance Act of 1968, unless the building or mobile home and any personal property to which such financial assistance relates is covered by flood insurance: <italic>Provided,</italic> That the amount of flood insurance (1) in the case of Federal flood insurance, is at least equal to the development or project cost of the building, mobile home, or personal property (less estimated land cost), the outstanding principal balance of the loan, or the maximum limit of Federal flood insurance coverage made available with respect to the particular type of property, whichever is less; or (2) in the case of private flood insurance, is at least equal to the development or project cost of the building, mobile home, or personal property (less estimated land cost), the outstanding principal balance of the loan, or the maximum limit of Federal flood insurance coverage made available with respect to the particular type of property, whichever is less: <italic>Provided further,</italic> That if the financial assistance provided is in the form of a loan or an insurance or guaranty of a loan, the amount of flood insurance required need not exceed the outstanding principal balance of the loan and need not be required beyond the term of the loan. The requirement of maintaining flood insurance shall apply during the life of the property, regardless of transfer of ownership of such property.</text></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph>
<paragraph id="H94C137C25C8E4C5EB61F2318635B0755"><enum>(2)</enum><header>Requirement for mortgage loans</header><text display-inline="yes-display-inline">Subsection (b) of section 102 of the Flood Disaster Protection Act of 1973 (<external-xref legal-doc="usc" parsable-cite="usc/42/4012a">42 U.S.C. 4012a(b)</external-xref>) is amended—</text> <subparagraph id="H4970EBAA6E6D4B2EA18E745436A211EB"><enum>(A)</enum><text>by striking paragraph (7);</text> </subparagraph>
<subparagraph id="H418EB6DA2A7842749DDAA4F0EF416022"><enum>(B)</enum><text>by redesignating paragraph (6) as paragraph (7);</text> </subparagraph> <subparagraph id="H02F01797305844CCA194857E68432996"><enum>(C)</enum><text>by striking the subsection designation and all that follows through the end of paragraph (5) and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="H8943BDFC7DFB4C719C9034EC2995A830" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="H2458942104EC4F5E9116A48DED1321ED"><enum>(b)</enum><header>Requirement for mortgage loans</header>
<paragraph id="HF05C7EED83B142C28F6A97AA45D6532F"><enum>(1)</enum><header>Regulated lending institutions</header><text>Each Federal entity for lending regulation (after consultation and coordination with the Financial Institutions Examination Council established under the Federal Financial Institutions Examination Council Act of 1974) shall by regulation direct regulated lending institutions not to make, increase, extend, or renew any loan secured by improved real estate or a mobile home located or to be located in an area that has been identified by the Administrator as an area having special flood hazards and in which flood insurance has been made available under the National Flood Insurance Act of 1968, unless the building or mobile home and any personal property securing such loan is covered for the term of the loan by flood insurance: <italic>Provided,</italic> That the amount of flood insurance (A) in the case of Federal flood insurance, is at least equal to the outstanding principal balance of the loan or the maximum limit of Federal flood insurance coverage made available with respect to the particular type of property, whichever is less; or (B) in the case of private flood insurance, is at least equal to the outstanding principal balance of the loan or the maximum limit of Federal flood insurance coverage made available with respect to the particular type of property, whichever is less.</text> </paragraph> <paragraph id="HCF277D5B240E45248EA32C04EA62F66F"><enum>(2)</enum><header>Federal agency lenders and mortgage insurance and guarantee agencies</header> <subparagraph id="H48F0A06A94524F479EC908ED82EB91C7"><enum>(A)</enum><header>Federal agency lenders</header><text>A Federal agency lender may not make, increase, extend, or renew any loan secured by improved real estate or a mobile home located or to be located in an area that has been identified by the Administrator as an area having special flood hazards and in which flood insurance has been made available under the National Flood Insurance Act of 1968, unless the building or mobile home and any personal property securing such loan is covered for the term of the loan by flood insurance in accordance with paragraph (1). Each Federal agency lender may issue any regulations necessary to carry out this paragraph. Such regulations shall be consistent with and substantially identical to the regulations issued under paragraph (1).</text> </subparagraph>
<subparagraph id="H2F40FBE6EE234436AF5102A84F2EF115"><enum>(B)</enum><header>Other Federal mortgage entities</header>
<clause id="HFA00A390D1DD45689801CF511A810AEA"><enum>(i)</enum><header>Coverage requirements</header><text display-inline="yes-display-inline">Each covered Federal mortgage entity shall implement procedures reasonably designed to ensure that, for any loan that—</text> <subclause id="H2FCDDDCA31C944A1852A174679220F25"><enum>(I)</enum><text>is secured by improved real estate or a mobile home located in an area that has been identified, at the time of the origination of the loan or at any time during the term of the loan, by the Administrator as an area having special flood hazards and in which flood insurance is available under the National Flood Insurance Act of 1968, and</text> </subclause>
<subclause id="H2F4CA128A95D493781419555585DF0B8"><enum>(II)</enum><text display-inline="yes-display-inline">is made, insured, held, or guaranteed by such entity, or backs or on which is based any trust certificate or other security for which such entity guarantees the timely payment of principal and interest,</text> </subclause><continuation-text continuation-text-level="clause">the building or mobile home and any personal property securing the loan is covered for the term of the loan by flood insurance in the amount provided in paragraph (1).</continuation-text></clause> <clause id="HF36816A42EAE4927A852201F056AE0FE"><enum>(ii)</enum><header>Definition</header><text>For purposes of this subparagraph, the term <quote>covered Federal mortgage entity</quote> means—</text>
<subclause id="H0F0F9C17BE5F42FBADCB681F550B07E5"><enum>(I)</enum><text>the Secretary of Housing and Urban Development, with respect to mortgages insured under the National Housing Act;</text> </subclause> <subclause id="H9F7BEEDB0DF24DA9BF13C4071FA2044A"><enum>(II)</enum><text>the Secretary of Agriculture, with respect to loans made, insured, or guaranteed under title V of the Housing Act of 1949; and</text> </subclause>
<subclause id="H5A883B7BC41E4381938220B191ED29B3"><enum>(III)</enum><text>the Government National Mortgage Association.</text> </subclause></clause></subparagraph> <subparagraph id="H2C8ACCCE3F964810930A2A241F77E5F3"><enum>(C)</enum><header>Requirement to accept flood insurance</header><text>Each Federal agency lender and each covered Federal mortgage entity shall accept flood insurance as satisfaction of the flood insurance coverage requirement under subparagraph (A) or (B), respectively, if the flood insurance coverage meets the requirements for coverage under such subparagraph and the requirements relating to financial strength issued pursuant to paragraph (4).</text> </subparagraph></paragraph>
<paragraph id="H7B3C715F5596464CBE66D85BDCDB2092"><enum>(3)</enum><header>Government-sponsored enterprises for housing</header><text>The Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation shall implement procedures reasonably designed to ensure that, for any loan that is—</text> <subparagraph id="HF75695C2A86846D98E85CF239273F60F"><enum>(A)</enum><text>secured by improved real estate or a mobile home located in an area that has been identified, at the time of the origination of the loan or at any time during the term of the loan, by the Administrator as an area having special flood hazards and in which flood insurance is available under the National Flood Insurance Act of 1968, and</text> </subparagraph>
<subparagraph id="HFA2A5A46B3A24FB189FA74BEC227AA27"><enum>(B)</enum><text>purchased or guaranteed by such entity,</text> </subparagraph><continuation-text continuation-text-level="paragraph">the building or mobile home and any personal property securing the loan is covered for the term of the loan by flood insurance in the amount provided in paragraph (1). The Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation shall accept flood insurance as satisfaction of the flood insurance coverage requirement under paragraph (1) if the flood insurance coverage provided meets the requirements for coverage under that paragraph and the requirements relating to financial strength issued pursuant to paragraph (4).</continuation-text></paragraph> <paragraph id="H24FC4D08565C49FDAE3D2016D6CF624B"><enum>(4)</enum><header>Requirements regarding financial strength</header><text display-inline="yes-display-inline">The Director of the Federal Housing Finance Agency, in consultation with the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Secretary of Housing and Urban Development, the Government National Mortgage Association, and the Secretary of Agriculture shall develop and implement requirements relating to the financial strength of private insurance companies from which such entities and agencies will accept private flood insurance, provided that such requirements shall not affect or conflict with any State law, regulation, or procedure concerning the regulation of the business of insurance.</text> </paragraph>
<paragraph id="H11C46873F0B843718951C83D07B4CBA6"><enum>(5)</enum><header>Applicability</header>
<subparagraph id="HBD29AAFA6D64485FAF669A84F7508968"><enum>(A)</enum><header>Existing coverage</header><text>Except as provided in subparagraph (B), paragraph (1) shall apply on the date of enactment of the Riegle Community Development and Regulatory Improvement Act of 1994.</text> </subparagraph> <subparagraph id="H16C2982845484F3B8267FBB9B4035E44"><enum>(B)</enum><header>New coverage</header><text>Paragraphs (2) and (3) shall apply only with respect to any loan made, increased, extended, or renewed after the expiration of the 1-year period beginning on the date of enactment of the Riegle Community Development and Regulatory Improvement Act of 1994. Paragraph (1) shall apply with respect to any loan made, increased, extended, or renewed by any lender supervised by the Farm Credit Administration only after the expiration of the period under this subparagraph.</text> </subparagraph>
<subparagraph id="H63A1D74C90FD4382BD78C0C2AED5AB25"><enum>(C)</enum><header>Continued effect of regulations</header><text>Notwithstanding any other provision of this subsection, the regulations to carry out paragraph (1), as in effect immediately before the date of enactment of the Riegle Community Development and Regulatory Improvement Act of 1994, shall continue to apply until the regulations issued to carry out paragraph (1) as amended by section 522(a) of such Act take effect.</text> </subparagraph></paragraph> <paragraph id="H48D4A3700DBD43C1A909C435FB7B1C63"><enum>(6)</enum><header>Rule of construction</header><text display-inline="yes-display-inline">Except as otherwise specified, any reference to flood insurance in this section shall be considered to include Federal flood insurance and private flood insurance. Nothing in this subsection shall be construed to supersede or limit the authority of a Federal entity for lending regulation, the Federal Housing Finance Agency, a Federal agency lender, a covered Federal mortgage entity (as such term is defined in paragraph (2)(B)(ii)), the Federal National Mortgage Association, or the Federal Home Loan Mortgage Corporation to establish requirements relating to the financial strength of private insurance companies from which the entity or agency will accept private flood insurance, provided that such requirements shall not affect or conflict with any State law, regulation, or procedure concerning the regulation of the business of insurance.</text></paragraph></subsection><after-quoted-block>; and</after-quoted-block></quoted-block> </subparagraph>
<subparagraph id="H2D657109EAD548F2AE62FF292F77DEF1"><enum>(D)</enum><text>by adding at the end the following new paragraphs:</text> <quoted-block display-inline="no-display-inline" id="HB24DA478F5F74B2680A72B7406C88295" style="OLC"> <paragraph id="H657DD7655C204DFD8EE6B5D0CC2E661F"><enum>(8)</enum><header>Definitions</header><text display-inline="yes-display-inline">In this section:</text>
<subparagraph id="HBEE8528A76E24BCEBCC28440F232D89A"><enum>(A)</enum><header>Flood insurance</header><text>The term <term>flood insurance</term> means—</text> <clause id="H3CC94D4A6C804C769D8EFE38A9CEF4FD"><enum>(i)</enum><text>Federal flood insurance; and</text> </clause>
<clause id="H2CC003E7AC8646198AC309ECC90D7F8C"><enum>(ii)</enum><text>private flood insurance.</text> </clause></subparagraph> <subparagraph id="H2F44CC9B4E5741AC8F5DE843B8438683"><enum>(B)</enum><header>Federal flood insurance</header><text>The term <term>Federal flood insurance</term> means an insurance policy made available under the National Flood Insurance Act of 1968 (<external-xref legal-doc="usc" parsable-cite="usc/42/4001">42 U.S.C. 4001</external-xref> et seq.).</text> </subparagraph>
<subparagraph id="H358DE96EB4574BA5B8C5CA7D61C6ED8D"><enum>(C)</enum><header>Private flood insurance</header><text>The term <term>private flood insurance</term> means an insurance policy that—</text> <clause id="H00C0E293D67942B29B5741160E1DA88C"><enum>(i)</enum><text>is issued by an insurance company that is—</text>
<subclause id="H74062413A3DB4EFD971E459C5DD1FEF0"><enum>(I)</enum><text>licensed, admitted, or otherwise approved to engage in the business of insurance in the State in which the insured building is located, by the insurance regulator of that State; or</text> </subclause> <subclause id="H7B3EA63DD3304B408B9CE78867509A4E"><enum>(II)</enum><text>eligible as a nonadmitted insurer to provide insurance in the home State of the insured, in accordance with sections 521 through 527 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (<external-xref legal-doc="usc" parsable-cite="usc/15/8201">15 U.S.C. 8201</external-xref> through 8206);</text> </subclause></clause>
<clause id="H232DF20906554705AB23F16FB091A0DF"><enum>(ii)</enum><text>is issued by an insurance company that is not otherwise disapproved as a surplus lines insurer by the insurance regulator of the State in which the property to be insured is located; and</text> </clause> <clause id="HC173519DA4324832B05BECA014785063"><enum>(iii)</enum><text>provides flood insurance coverage that complies with the laws and regulations of that State.</text> </clause></subparagraph>
<subparagraph id="HA3133703FA004ED28A5DB4DC1CE9D2B5"><enum>(D)</enum><header>State</header><text>The term <term>State</term> means any State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, the Virgin Islands, and American Samoa.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph></paragraph></subsection> <subsection id="H6DDF5941116C4E10866A7EA5BA9E6DA8"><enum>(b)</enum><header>Effect of private flood insurance coverage on continuous coverage requirements</header><text>Section 1308 of the National Flood Insurance Act of 1968 (<external-xref legal-doc="usc" parsable-cite="usc/42/4015">42 U.S.C. 4015</external-xref>) is amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="H9028BF897B834ACEAB765B70036DB9AE" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="HE56194E1F8004006A9C665542929D2EB"><enum>(n)</enum><header>Effect of private flood insurance coverage on continuous coverage requirements</header><text>For purposes of applying any statutory, regulatory, or administrative continuous coverage requirement, including under section 1307(g)(1), the Administrator shall consider any period during which a property was continuously covered by private flood insurance (as defined in section 102(b)(8) of the Flood Disaster Protection Act of 1973 (<external-xref legal-doc="usc" parsable-cite="usc/42/4012a">42 U.S.C. 4012a(b)(8)</external-xref>)) to be a period of continuous coverage.</text></subsection><after-quoted-block>.</after-quoted-block></quoted-block> </subsection></section> <enum>V</enum><header>Tax Relief for Hurricanes Harvey, Irma, and Maria </header> <section id="H524781D7C5524140B14C98321BA00B6D" section-type="subsequent-section"><enum>501.</enum><header>Definitions</header> <subsection id="H39DB93DA5ABA476EB2255473211311A7"><enum>(a)</enum><header>Hurricane Harvey disaster zone and disaster area</header><text display-inline="yes-display-inline">For purposes of this title—</text>
<paragraph id="H35605217F18B42EFBC2BFAC2EB3310D7"><enum>(1)</enum><header>Hurricane Harvey disaster zone</header><text>The term <term>Hurricane Harvey disaster zone</term> means that portion of the Hurricane Harvey disaster area determined by the President to warrant individual or individual and public assistance from the Federal Government under the Robert T. Stafford Disaster Relief and Emergency Assistance Act by reason of Hurricane Harvey.</text> </paragraph> <paragraph id="H8A8E5F9ACC1542ABA3B4E6D88F55F375"><enum>(2)</enum><header>Hurricane Harvey disaster area</header><text>The term <term>Hurricane Harvey disaster area</term> means an area with respect to which a major disaster has been declared by the President before September 21, 2017, under section 401 of such Act by reason of Hurricane Harvey.</text> </paragraph></subsection>
<subsection id="H54B8D8601B654096B4F41114691AC9B0"><enum>(b)</enum><header>Hurricane Irma disaster zone and disaster area</header><text>For purposes of this title—</text> <paragraph id="H2FB082DC5A4A4D4481882A14362AA416"><enum>(1)</enum><header>Hurricane Irma disaster zone</header><text>The term <term>Hurricane Irma disaster zone</term> means that portion of the Hurricane Irma disaster area determined by the President to warrant individual or individual and public assistance from the Federal Government under such Act by reason of Hurricane Irma.</text> </paragraph>
<paragraph id="H2FE847851D6B4080BDDFC3DEB49D6942"><enum>(2)</enum><header>Hurricane Irma disaster area</header><text>The term <term>Hurricane Irma disaster area</term> means an area with respect to which a major disaster has been declared by the President before September 21, 2017, under section 401 of such Act by reason of Hurricane Irma.</text> </paragraph></subsection> <subsection id="HE64F344D5F924BA1A81CF4CB19245FFD"><enum>(c)</enum><header>Hurricane Maria disaster zone and disaster area</header><text>For purposes of this title—</text>
<paragraph id="H40008E6000AD4B2F939F1B4F0ED4AB98"><enum>(1)</enum><header>Hurricane Maria disaster zone</header><text>The term <term>Hurricane Maria disaster zone</term> means that portion of the Hurricane Maria disaster area determined by the President to warrant individual or individual and public assistance from the Federal Government under such Act by reason of Hurricane Maria.</text> </paragraph> <paragraph id="H629EB71F2D3B4ADD8A6014587ACDAAAE"><enum>(2)</enum><header>Hurricane Maria disaster area</header><text>The term <term>Hurricane Maria disaster area</term> means an area with respect to which a major disaster has been declared by the President before September 21, 2017, under section 401 of such Act by reason of Hurricane Maria.</text> </paragraph></subsection></section>
<section display-inline="no-display-inline" id="H6A1A09BE09F6401DAFF7C192CC9E9BEB" section-type="subsequent-section"><enum>502.</enum><header>Special disaster-related rules for use of retirement funds</header>
<subsection id="H11BE9C853E2E4E96B7833A450C7EE6D3"><enum>(a)</enum><header>Tax-Favored withdrawals from retirement plans</header>
<paragraph id="HFF94AA2DBBCD47CF9459646AD4B473F5"><enum>(1)</enum><header>In general</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/72">Section 72(t)</external-xref> of the Internal Revenue Code of 1986 shall not apply to any qualified hurricane distribution.</text> </paragraph> <paragraph id="H1303401228214F8A92D2BF9E33781B2E"><enum>(2)</enum><header>Aggregate dollar limitation</header> <subparagraph id="H94CF75FF7264470F93F69EFBA82F6B2F"><enum>(A)</enum><header>In general</header><text>For purposes of this subsection, the aggregate amount of distributions received by an individual which may be treated as qualified hurricane distributions for any taxable year shall not exceed the excess (if any) of—</text>
<clause id="HC0807D7F05FA461B9B0592072CB681CE"><enum>(i)</enum><text>$100,000, over</text> </clause> <clause id="HE1CA71369C824C71B73928125B604BC5"><enum>(ii)</enum><text>the aggregate amounts treated as qualified hurricane distributions received by such individual for all prior taxable years.</text> </clause></subparagraph>
<subparagraph id="H772DAFFE28E54D00B1100E3E2B755939"><enum>(B)</enum><header>Treatment of plan distributions</header><text>If a distribution to an individual would (without regard to subparagraph (A)) be a qualified hurricane distribution, a plan shall not be treated as violating any requirement of the Internal Revenue Code of 1986 merely because the plan treats such distribution as a qualified hurricane distribution, unless the aggregate amount of such distributions from all plans maintained by the employer (and any member of any controlled group which includes the employer) to such individual exceeds $100,000.</text> </subparagraph> <subparagraph id="HE47F2897CF2C408E815E1CE53BEFF3F1"><enum>(C)</enum><header>Controlled group</header><text>For purposes of subparagraph (B), the term <term>controlled group</term> means any group treated as a single employer under subsection (b), (c), (m), or (o) of <external-xref legal-doc="usc" parsable-cite="usc/26/414">section 414</external-xref> of the Internal Revenue Code of 1986.</text> </subparagraph></paragraph>
<paragraph id="HC6C209F025DD4E82BF9D6A34115F1BCD"><enum>(3)</enum><header>Amount distributed may be repaid</header>
<subparagraph id="HF561EF664DA4419DA39F2B13461D5A5E"><enum>(A)</enum><header>In general</header><text>Any individual who receives a qualified hurricane distribution may, at any time during the 3-year period beginning on the day after the date on which such distribution was received, make one or more contributions in an aggregate amount not to exceed the amount of such distribution to an eligible retirement plan of which such individual is a beneficiary and to which a rollover contribution of such distribution could be made under section 402(c), 403(a)(4), 403(b)(8), 408(d)(3), or 457(e)(16), of the Internal Revenue Code of 1986, as the case may be.</text> </subparagraph> <subparagraph id="HB437EC50E99A4BCEBF545C3DE6AC8859"><enum>(B)</enum><header>Treatment of repayments of distributions from eligible retirement plans other than IRAs</header><text>For purposes of the Internal Revenue Code of 1986, if a contribution is made pursuant to subparagraph (A) with respect to a qualified hurricane distribution from an eligible retirement plan other than an individual retirement plan, then the taxpayer shall, to the extent of the amount of the contribution, be treated as having received the qualified hurricane distribution in an eligible rollover distribution (as defined in section 402(c)(4) of such Code) and as having transferred the amount to the eligible retirement plan in a direct trustee to trustee transfer within 60 days of the distribution.</text> </subparagraph>
<subparagraph id="HC0442B2D95F247D8A77A471CA6312BE9"><enum>(C)</enum><header>Treatment of repayments for distributions from IRAs</header><text>For purposes of the Internal Revenue Code of 1986, if a contribution is made pursuant to subparagraph (A) with respect to a qualified hurricane distribution from an individual retirement plan (as defined by section 7701(a)(37) of such Code), then, to the extent of the amount of the contribution, the qualified hurricane distribution shall be treated as a distribution described in section 408(d)(3) of such Code and as having been transferred to the eligible retirement plan in a direct trustee to trustee transfer within 60 days of the distribution.</text> </subparagraph></paragraph> <paragraph id="HA048D39310B44BFC8F461E3676D90940"><enum>(4)</enum><header>Definitions</header><text>For purposes of this subsection—</text>
<subparagraph id="H11E8A225BE57465689FD99B9CE02341E"><enum>(A)</enum><header>Qualified hurricane distribution</header><text>Except as provided in paragraph (2), the term <term>qualified hurricane distribution</term> means—</text> <clause id="HE4BD07E395114E8A9D6B0A3E0C06FE14"><enum>(i)</enum><text>any distribution from an eligible retirement plan made on or after August 23, 2017, and before January 1, 2019, to an individual whose principal place of abode on August 23, 2017, is located in the Hurricane Harvey disaster area and who has sustained an economic loss by reason of Hurricane Harvey,</text> </clause>
<clause id="H47065E873A0A4A80808068C258311B7B"><enum>(ii)</enum><text>any distribution (which is not described in clause (i)) from an eligible retirement plan made on or after September 4, 2017, and before January 1, 2019, to an individual whose principal place of abode on September 4, 2017, is located in the Hurricane Irma disaster area and who has sustained an economic loss by reason of Hurricane Irma, and</text> </clause> <clause id="HB8792AA8BA9947379C8FD767AF44CCE0"><enum>(iii)</enum><text>any distribution (which is not described in clause (i) or (ii)) from an eligible retirement plan made on or after September 16, 2017, and before January 1, 2019, to an individual whose principal place of abode on September 16, 2017, is located in the Hurricane Maria disaster area and who has sustained an economic loss by reason of Hurricane Maria.</text> </clause></subparagraph>
<subparagraph id="H9613E4525C694AC5AC1FA1CA14A15CC3"><enum>(B)</enum><header>Eligible retirement plan</header><text>The term <term>eligible retirement plan</term> shall have the meaning given such term by <external-xref legal-doc="usc" parsable-cite="usc/26/402">section 402(c)(8)(B)</external-xref> of the Internal Revenue Code of 1986.</text> </subparagraph></paragraph> <paragraph id="H6F661DC97A664FDA962EDAFB23EE1774"><enum>(5)</enum><header>Income inclusion spread over 3-year period</header> <subparagraph id="H03929F43664E4B768C2AA402424DDA4B"><enum>(A)</enum><header>In general</header><text>In the case of any qualified hurricane distribution, unless the taxpayer elects not to have this paragraph apply for any taxable year, any amount required to be included in gross income for such taxable year shall be so included ratably over the 3-taxable-year period beginning with such taxable year.</text> </subparagraph>
<subparagraph id="H46D79AAE662E483AAC48FB40A840322A"><enum>(B)</enum><header>Special rule</header><text>For purposes of subparagraph (A), rules similar to the rules of subparagraph (E) of <external-xref legal-doc="usc" parsable-cite="usc/26/408A">section 408A(d)(3)</external-xref> of the Internal Revenue Code of 1986 shall apply.</text> </subparagraph></paragraph> <paragraph id="H69CDEEDDCEBD41FB8359D893CB633EEC"><enum>(6)</enum><header>Special rules</header> <subparagraph id="H08C69EAE080C4093A376A0E13488A7D6"><enum>(A)</enum><header>Exemption of distributions from trustee to trustee transfer and withholding rules</header><text>For purposes of sections 401(a)(31), 402(f), and 3405 of the Internal Revenue Code of 1986, qualified hurricane distributions shall not be treated as eligible rollover distributions.</text> </subparagraph>
<subparagraph id="H16074847095E4EE494990173AB0BA099"><enum>(B)</enum><header>Qualified hurricane distributions treated as meeting plan distribution requirements</header><text>For purposes the Internal Revenue Code of 1986, a qualified hurricane distribution shall be treated as meeting the requirements of sections 401(k)(2)(B)(i), 403(b)(7)(A)(ii), 403(b)(11), and 457(d)(1)(A) of such Code.</text> </subparagraph></paragraph></subsection> <subsection id="H34740C7B9A7A4DCFB9AC056A56A442C8"><enum>(b)</enum><header>Recontributions of withdrawals for home purchases</header> <paragraph id="H9B9EE4A19F904940ADA61923C588AEE6"><enum>(1)</enum><header>Recontributions</header> <subparagraph id="HCE732C17B7B148B4B98012A41236B78B"><enum>(A)</enum><header>In general</header><text>Any individual who received a qualified distribution may, during the period beginning on August 23, 2017, and ending on February 28, 2018, make one or more contributions in an aggregate amount not to exceed the amount of such qualified distribution to an eligible retirement plan (as defined in <external-xref legal-doc="usc" parsable-cite="usc/26/402">section 402(c)(8)(B)</external-xref> of the Internal Revenue Code of 1986) of which such individual is a beneficiary and to which a rollover contribution of such distribution could be made under section 402(c), 403(a)(4), 403(b)(8), or 408(d)(3), of such Code, as the case may be.</text> </subparagraph>
<subparagraph id="HE1F3A19499524F9E828B7E7D4CB15AE0"><enum>(B)</enum><header>Treatment of repayments</header><text>Rules similar to the rules of subparagraphs (B) and (C) of subsection (a)(3) shall apply for purposes of this subsection.</text> </subparagraph></paragraph> <paragraph id="H5BDCEDF1308C411C98A825844505F22A"><enum>(2)</enum><header>Qualified distribution</header><text>For purposes of this subsection, the term <term>qualified distribution</term> means any distribution—</text>
<subparagraph id="HCBB47562D643401F99764AC576B64848"><enum>(A)</enum><text>described in section 401(k)(2)(B)(i)(IV), 403(b)(7)(A)(ii) (but only to the extent such distribution relates to financial hardship), 403(b)(11)(B), or 72(t)(2)(F), of the Internal Revenue Code of 1986,</text> </subparagraph> <subparagraph id="HA04A0D98B60640CA9EC6F969768A53A7"><enum>(B)</enum><text>received after February 28, 2017, and before September 21, 2017, and</text> </subparagraph>
<subparagraph id="HBE557B605E5A42E4BCAD4BDA650FFE18"><enum>(C)</enum><text>which was to be used to purchase or construct a principal residence in the Hurricane Harvey disaster area, the Hurricane Irma disaster area, or the Hurricane Maria disaster area, but which was not so purchased or constructed on account of Hurricane Harvey, Hurricane Irma, or Hurricane Maria.</text> </subparagraph></paragraph></subsection> <subsection id="H50B52EA8A1304AB0B231AF166ADA21DC"><enum>(c)</enum><header>Loans from qualified plans</header> <paragraph id="H8EFADB27F67C4A6DB3B36C1E1ED30BFF"><enum>(1)</enum><header>Increase in limit on loans not treated as distributions</header><text>In the case of any loan from a qualified employer plan (as defined under <external-xref legal-doc="usc" parsable-cite="usc/26/72">section 72(p)(4)</external-xref> of the Internal Revenue Code of 1986) to a qualified individual made during the period beginning on the date of the enactment of this Act and ending on December 31, 2018—</text>
<subparagraph id="H29C072A352E54D98BC05CBD365FFE775"><enum>(A)</enum><text>clause (i) of section 72(p)(2)(A) of such Code shall be applied by substituting <quote>$100,000</quote> for <quote>$50,000</quote>, and</text> </subparagraph> <subparagraph id="H283DC82F85504CA794B5008B49D2BE0D"><enum>(B)</enum><text>clause (ii) of such section shall be applied by substituting <quote>the present value of the nonforfeitable accrued benefit of the employee under the plan</quote> for <quote>one-half of the present value of the nonforfeitable accrued benefit of the employee under the plan</quote>.</text> </subparagraph></paragraph>
<paragraph id="H276D2776939041348FCD02436AD3CA73"><enum>(2)</enum><header>Delay of repayment</header><text>In the case of a qualified individual with an outstanding loan on or after the qualified beginning date from a qualified employer plan (as defined in <external-xref legal-doc="usc" parsable-cite="usc/26/72">section 72(p)(4)</external-xref> of the Internal Revenue Code of 1986)—</text> <subparagraph id="HC4323A4BFF574B04BEA2BAB2F5A108A8"><enum>(A)</enum><text>if the due date pursuant to subparagraph (B) or (C) of section 72(p)(2) of such Code for any repayment with respect to such loan occurs during the period beginning on the qualified beginning date and ending on December 31, 2018, such due date shall be delayed for 1 year,</text> </subparagraph>
<subparagraph id="HCC9F770D102C41FA8C543FFA19F718F4"><enum>(B)</enum><text>any subsequent repayments with respect to any such loan shall be appropriately adjusted to reflect the delay in the due date under paragraph (1) and any interest accruing during such delay, and</text> </subparagraph> <subparagraph id="H686003E27D4A48FFAFDB3A046B33537F"><enum>(C)</enum><text>in determining the 5-year period and the term of a loan under subparagraph (B) or (C) of section 72(p)(2) of such Code, the period described in subparagraph (A) shall be disregarded.</text> </subparagraph></paragraph>
<paragraph id="HE5B5B185FDAD4F81ADFFC870735C265A"><enum>(3)</enum><header>Qualified individual</header><text>For purposes of this subsection—</text> <subparagraph id="HA38BF2319AF24B829280F2D967339350"><enum>(A)</enum><header>In general</header><text>The term <term>qualified individual</term> means any qualified Hurricane Harvey individual, any qualified Hurricane Irma individual, and any qualified Hurricane Maria individual.</text> </subparagraph>
<subparagraph id="H7058297350374D79ACB50EE3132F75CC"><enum>(B)</enum><header>Qualified Hurricane Harvey individual</header><text>The term <term>qualified Hurricane Harvey individual</term> means an individual whose principal place of abode on August 23, 2017, is located in the Hurricane Harvey disaster area and who has sustained an economic loss by reason of Hurricane Harvey.</text> </subparagraph> <subparagraph id="H38926C687032428FA9C54EBD185BFEA0"><enum>(C)</enum><header>Qualified Hurricane Irma individual</header><text>The term <term>qualified Hurricane Irma individual</term> means an individual (other than a qualified Hurricane Harvey individual) whose principal place of abode on September 4, 2017, is located in the Hurricane Irma disaster area and who has sustained an economic loss by reason of Hurricane Irma.</text> </subparagraph>
<subparagraph id="HBD537C81EBBE4D2C93038D02CFB3F3D9"><enum>(D)</enum><header>Qualified Hurricane Maria individual</header><text>The term <term>qualified Hurricane Maria individual</term> means an individual (other than a qualified Hurricane Harvey individual or a qualified Hurricane Irma individual) whose principal place of abode on September 16, 2017, is located in the Hurricane Maria disaster area and who has sustained an economic loss by reason of Hurricane Maria.</text> </subparagraph></paragraph> <paragraph id="H45CF30AF52D34FE8B41A147EBFD86E1C"><enum>(4)</enum><header>Qualified beginning date</header><text>For purposes of this subsection, the qualified beginning date is—</text>
<subparagraph id="HE9D1159F5D8F478E8AF85A6796166CDF"><enum>(A)</enum><text>in the case of any qualified Hurricane Harvey individual, August 23, 2017,</text> </subparagraph> <subparagraph id="H7A172999C14547EE8554E4429168A41F"><enum>(B)</enum><text display-inline="yes-display-inline">in the case of any qualified Hurricane Irma individual, September 4, 2017, and</text> </subparagraph>
<subparagraph id="H17D9A5C6C68146EE9DAE77B605951F31"><enum>(C)</enum><text display-inline="yes-display-inline">in the case of any qualified Hurricane Maria individual, September 16, 2017.</text> </subparagraph></paragraph></subsection> <subsection id="H6F0332A09CDB41459C5BBD0DA97B830A"><enum>(d)</enum><header>Provisions relating to plan amendments</header> <paragraph id="HA6F88899B6784793B8AD66724BD307BB"><enum>(1)</enum><header>In general</header><text>If this subsection applies to any amendment to any plan or annuity contract, such plan or contract shall be treated as being operated in accordance with the terms of the plan during the period described in paragraph (2)(B)(i).</text> </paragraph>
<paragraph id="H25B048F975E748788A3109A898C936FF"><enum>(2)</enum><header>Amendments to which subsection applies</header>
<subparagraph id="HD0215224F95A4B2AA0363C3AC09302AC"><enum>(A)</enum><header>In general</header><text>This subsection shall apply to any amendment to any plan or annuity contract which is made—</text> <clause id="H197FF83248B3487E9528E4C712B00C2A"><enum>(i)</enum><text>pursuant to any provision of this section, or pursuant to any regulation issued by the Secretary or the Secretary of Labor under any provision of this section, and</text> </clause>
<clause id="H4BB4B99108CA46DFB3467419098B6264"><enum>(ii)</enum><text>on or before the last day of the first plan year beginning on or after January 1, 2019, or such later date as the Secretary may prescribe.</text> </clause><continuation-text continuation-text-level="subparagraph">In the case of a governmental plan (as defined in <external-xref legal-doc="usc" parsable-cite="usc/26/414">section 414(d)</external-xref> of the Internal Revenue Code of 1986), clause (ii) shall be applied by substituting the date which is 2 years after the date otherwise applied under clause (ii).</continuation-text></subparagraph> <subparagraph id="H34C5605DA0EC48CCBC21FA7D85388350"><enum>(B)</enum><header>Conditions</header><text>This subsection shall not apply to any amendment unless—</text>
<clause id="HBC49399BE1954EEE8079CAF7C588B2DD"><enum>(i)</enum><text>during the period—</text> <subclause id="H31F6BEE98DD34DB5BEFF0F23A584C83A"><enum>(I)</enum><text>beginning on the date that this section or the regulation described in subparagraph (A)(i) takes effect (or in the case of a plan or contract amendment not required by this section or such regulation, the effective date specified by the plan), and</text> </subclause>
<subclause id="H106012000BBB4DA3BDD8911532B9427A"><enum>(II)</enum><text>ending on the date described in subparagraph (A)(ii) (or, if earlier, the date the plan or contract amendment is adopted),</text> </subclause></clause><continuation-text continuation-text-level="subparagraph">the plan or contract is operated as if such plan or contract amendment were in effect, and</continuation-text> <clause id="H07EFFB816D08493384BCB46DD02CE69E"><enum>(ii)</enum><text>such plan or contract amendment applies retroactively for such period.</text> </clause></subparagraph></paragraph></subsection></section>
<section display-inline="no-display-inline" id="H972EA0F318CD43E6AD1017B74239EF48" section-type="subsequent-section"><enum>503.</enum><header>Disaster-related employment relief</header>
<subsection id="HE97C1A76B8964C16BE1042AA45CF7B2B"><enum>(a)</enum><header>Employee retention credit for employers affected by Hurricane Harvey</header>
<paragraph id="HAC2AC65641AB4C1BBC85C32CE8776E59"><enum>(1)</enum><header>In general</header><text>For purposes of <external-xref legal-doc="usc" parsable-cite="usc/26/38">section 38</external-xref> of the Internal Revenue Code of 1986, in the case of an eligible employer, the Hurricane Harvey employee retention credit shall be treated as a credit listed in subsection (b) of such section. For purposes of this subsection, the Hurricane Harvey employee retention credit for any taxable year is an amount equal to 40 percent of the qualified wages with respect to each eligible employee of such employer for such taxable year. For purposes of the preceding sentence, the amount of qualified wages which may be taken into account with respect to any individual shall not exceed $6,000.</text> </paragraph> <paragraph id="H8CDBD8254CE2427A9F7913D12E157E18"><enum>(2)</enum><header>Definitions</header><text>For purposes of this subsection—</text>
<subparagraph id="H7094EB48B5684222B0AA7C26EF62492B"><enum>(A)</enum><header>Eligible employer</header><text>The term <term>eligible employer</term> means any employer—</text> <clause id="H90ACE3D9976640D69AD52BF7C983D9DF"><enum>(i)</enum><text>which conducted an active trade or business on August 23, 2017, in the Hurricane Harvey disaster zone, and</text> </clause>
<clause id="HE939E66A4CB1492B927BE1F5AC76467C"><enum>(ii)</enum><text>with respect to whom the trade or business described in clause (i) is inoperable on any day after August 23, 2017, and before January 1, 2018, as a result of damage sustained by reason of Hurricane Harvey.</text> </clause></subparagraph> <subparagraph id="H243D372422774EA79F541951108477A5"><enum>(B)</enum><header>Eligible employee</header><text>The term <term>eligible employee</term> means with respect to an eligible employer an employee whose principal place of employment on August 23, 2017, with such eligible employer was in the Hurricane Harvey disaster zone.</text> </subparagraph>
<subparagraph id="HDC7086BD093D4710B0EDC2345DBF4A7D"><enum>(C)</enum><header>Qualified wages</header><text>The term <term>qualified wages</term> means wages (as defined in <external-xref legal-doc="usc" parsable-cite="usc/26/51">section 51(c)(1)</external-xref> of the Internal Revenue Code of 1986, but without regard to section 3306(b)(2)(B) of such Code) paid or incurred by an eligible employer with respect to an eligible employee on any day after August 23, 2017, and before January 1, 2018, which occurs during the period—</text> <clause id="H63DF787B86344EF4906485AABDF2D44A"><enum>(i)</enum><text>beginning on the date on which the trade or business described in subparagraph (A) first became inoperable at the principal place of employment of the employee immediately before Hurricane Harvey, and</text> </clause>
<clause id="H82FF63446B3B4E218043FC7B6EF8886C"><enum>(ii)</enum><text>ending on the date on which such trade or business has resumed significant operations at such principal place of employment.</text> </clause><continuation-text continuation-text-level="subparagraph">Such term shall include wages paid without regard to whether the employee performs no services, performs services at a different place of employment than such principal place of employment, or performs services at such principal place of employment before significant operations have resumed.</continuation-text></subparagraph></paragraph> <paragraph id="H8CF78BA385384DB98295B26549EB85F9"><enum>(3)</enum><header>Certain rules to apply</header><text>For purposes of this subsection, rules similar to the rules of sections 51(i)(1) and 52, of the Internal Revenue Code of 1986, shall apply.</text> </paragraph>
<paragraph id="HB9BB51C857B0412F8DF545BF71578F67"><enum>(4)</enum><header>Employee not taken into account more than once</header><text>An employee shall not be treated as an eligible employee for purposes of this subsection for any period with respect to any employer if such employer is allowed a credit under <external-xref legal-doc="usc" parsable-cite="usc/26/51">section 51</external-xref> of the Internal Revenue Code of 1986 with respect to such employee for such period.</text> </paragraph></subsection> <subsection id="H1DCD0639BDFC4087B5144568028FCAD8"><enum>(b)</enum><header>Employee Retention Credit for Employers Affected by Hurricane Irma</header> <paragraph id="H4418D9817287468D87F1376E6E13882E"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">For purposes of <external-xref legal-doc="usc" parsable-cite="usc/26/38">section 38</external-xref> of the Internal Revenue Code of 1986, in the case of an eligible employer, the Hurricane Irma employee retention credit shall be treated as a credit listed in subsection (b) of such section. For purposes of this subsection, the Hurricane Irma employee retention credit for any taxable year is an amount equal to 40 percent of the qualified wages with respect to each eligible employee of such employer for such taxable year. For purposes of the preceding sentence, the amount of qualified wages which may be taken into account with respect to any individual shall not exceed $6,000.</text> </paragraph>
<paragraph id="H5053D921121C4982B2DBDF585BADD2F0"><enum>(2)</enum><header>Definitions</header><text>For purposes of this subsection—</text> <subparagraph id="HCF3AB3752A32447AA004239D5F3F1B16"><enum>(A)</enum><header>Eligible employer</header><text>The term <term>eligible employer</term> means any employer—</text>
<clause id="H3A87811C14D44EB5A846B104FB395B40"><enum>(i)</enum><text>which conducted an active trade or business on September 4, 2017, in the Hurricane Irma disaster zone, and</text> </clause> <clause id="HEDCCF8CEE3D7414CAFB2730BCA5FBF3A"><enum>(ii)</enum><text>with respect to whom the trade or business described in clause (i) is inoperable on any day after September 4, 2017, and before January 1, 2018, as a result of damage sustained by reason of Hurricane Irma.</text> </clause></subparagraph>
<subparagraph id="HF88A37DE258E41C7B4447F09561E77D4"><enum>(B)</enum><header>Eligible employee</header><text>The term <term>eligible employee</term> means with respect to an eligible employer an employee whose principal place of employment on September 4, 2017, with such eligible employer was in the Hurricane Irma disaster zone.</text> </subparagraph> <subparagraph id="HDFBA686B8B574E7DAD4C2047403C04B7"><enum>(C)</enum><header>Qualified wages</header><text>The term <term>qualified wages</term> means wages (as defined in <external-xref legal-doc="usc" parsable-cite="usc/26/51">section 51(c)(1)</external-xref> of the Internal Revenue Code of 1986, but without regard to section 3306(b)(2)(B) of such Code) paid or incurred by an eligible employer with respect to an eligible employee on any day after September 4, 2017, and before January 1, 2018, which occurs during the period—</text>
<clause id="H38F1BD5E3A1E48B7AB466340FD80926B"><enum>(i)</enum><text>beginning on the date on which the trade or business described in subparagraph (A) first became inoperable at the principal place of employment of the employee immediately before Hurricane Irma, and</text> </clause> <clause id="HDF60197C4F1343D2B4BD8F77E5E3B698"><enum>(ii)</enum><text>ending on the date on which such trade or business has resumed significant operations at such principal place of employment.</text> </clause><continuation-text continuation-text-level="subparagraph">Such term shall include wages paid without regard to whether the employee performs no services, performs services at a different place of employment than such principal place of employment, or performs services at such principal place of employment before significant operations have resumed.</continuation-text></subparagraph></paragraph>
<paragraph id="HADC14999494E490EA4BB70AEE2676C06"><enum>(3)</enum><header>Certain rules to apply</header><text>For purposes of this subsection, rules similar to the rules of sections 51(i)(1) and 52, of the Internal Revenue Code of 1986, shall apply.</text> </paragraph> <paragraph id="H825C96BC35CD45E599667C85265291A8"><enum>(4)</enum><header>Employee not taken into account more than once</header><text>An employee shall not be treated as an eligible employee for purposes of this subsection for any period with respect to any employer if such employer is allowed a credit under subsection (a), or <external-xref legal-doc="usc" parsable-cite="usc/26/51">section 51</external-xref> of the Internal Revenue Code of 1986, with respect to such employee for such period.</text> </paragraph></subsection>
<subsection id="H42EF2D47F88F446888DE335C1BD59BD4"><enum>(c)</enum><header>Employee retention credit for employers affected by Hurricane Maria</header>
<paragraph id="H22F7E5E7F32144C882090CE701396A4F"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">For purposes of <external-xref legal-doc="usc" parsable-cite="usc/26/38">section 38</external-xref> of the Internal Revenue Code of 1986, in the case of an eligible employer, the Hurricane Maria employee retention credit shall be treated as a credit listed in subsection (b) of such section. For purposes of this subsection, the Hurricane Maria employee retention credit for any taxable year is an amount equal to 40 percent of the qualified wages with respect to each eligible employee of such employer for such taxable year. For purposes of the preceding sentence, the amount of qualified wages which may be taken into account with respect to any individual shall not exceed $6,000.</text> </paragraph> <paragraph id="H00C68B1002674BE8BD95D88316A81E61"><enum>(2)</enum><header>Definitions</header><text>For purposes of this subsection—</text>
<subparagraph id="H46CECB5EEFB548CBB6A213DB9A8FC50D"><enum>(A)</enum><header>Eligible employer</header><text>The term <term>eligible employer</term> means any employer—</text> <clause id="HCC353958C9AB4BDB9AC2BC234BDCB34C"><enum>(i)</enum><text>which conducted an active trade or business on September 16, 2017, in the Hurricane Maria disaster zone, and</text> </clause>
<clause id="H169978DE3F1A4AF6A34D81309E7F619D"><enum>(ii)</enum><text>with respect to whom the trade or business described in clause (i) is inoperable on any day after September 16, 2017, and before January 1, 2018, as a result of damage sustained by reason of Hurricane Maria.</text> </clause></subparagraph> <subparagraph id="H03649EEA001F4639B23B6009C98B0D78"><enum>(B)</enum><header>Eligible employee</header><text>The term <term>eligible employee</term> means with respect to an eligible employer an employee whose principal place of employment on September 16, 2017, with such eligible employer was in the Hurricane Maria disaster zone.</text> </subparagraph>
<subparagraph id="HDB87C68B61EF49278C507F753CEF810D"><enum>(C)</enum><header>Qualified wages</header><text>The term <term>qualified wages</term> means wages (as defined in <external-xref legal-doc="usc" parsable-cite="usc/26/51">section 51(c)(1)</external-xref> of the Internal Revenue Code of 1986, but without regard to section 3306(b)(2)(B) of such Code) paid or incurred by an eligible employer with respect to an eligible employee on any day after September 16, 2017, and before January 1, 2018, which occurs during the period—</text> <clause id="HFE033C8D85DF4BFFBF5E8B15792EDCFF"><enum>(i)</enum><text>beginning on the date on which the trade or business described in subparagraph (A) first became inoperable at the principal place of employment of the employee immediately before Hurricane Maria, and</text> </clause>
<clause id="HFD46D138880B44779E92303FC66F8598"><enum>(ii)</enum><text>ending on the date on which such trade or business has resumed significant operations at such principal place of employment.</text> </clause><continuation-text continuation-text-level="subparagraph">Such term shall include wages paid without regard to whether the employee performs no services, performs services at a different place of employment than such principal place of employment, or performs services at such principal place of employment before significant operations have resumed.</continuation-text></subparagraph></paragraph> <paragraph id="HAC139ED962B241869F4805D899FB5B6B"><enum>(3)</enum><header>Certain rules to apply</header><text>For purposes of this subsection, rules similar to the rules of sections 51(i)(1) and 52, of the Internal Revenue Code of 1986, shall apply.</text> </paragraph>
<paragraph id="H21AFADD08039448897CBD1BD6AB9AA6F"><enum>(4)</enum><header>Employee not taken into account more than once</header><text>An employee shall not be treated as an eligible employee for purposes of this subsection for any period with respect to any employer if such employer is allowed a credit under subsection (a) or (b), or <external-xref legal-doc="usc" parsable-cite="usc/26/51">section 51</external-xref> of the Internal Revenue Code of 1986, with respect to such employee for such period.</text> </paragraph></subsection></section> <section display-inline="no-display-inline" id="H0BCFA9F7307646D7BD8341DBC1687577" section-type="subsequent-section"><enum>504.</enum><header>Additional disaster-related tax relief provisions</header> <subsection id="H69B010DCC9C2465A973D5B5671962A79"><enum>(a)</enum><header>Temporary suspension of limitations on charitable contributions</header> <paragraph id="HFEBA2B406E4C4814AE67E25458E80E6C"><enum>(1)</enum><header>In general</header><text>Except as otherwise provided in paragraph (2), subsection (b) of <external-xref legal-doc="usc" parsable-cite="usc/26/170">section 170</external-xref> of the Internal Revenue Code of 1986 shall not apply to qualified contributions and such contributions shall not be taken into account for purposes of applying subsections (b) and (d) of such section to other contributions.</text> </paragraph>
<paragraph id="H31A0F78FCFFA4A18A60BE00A8804BC1A"><enum>(2)</enum><header>Treatment of excess contributions</header><text>For purposes of <external-xref legal-doc="usc" parsable-cite="usc/26/170">section 170</external-xref> of the Internal Revenue Code of 1986—</text> <subparagraph id="H8FDC2FE2037A4AF8A2BD56E8D645ADF3"><enum>(A)</enum><header>Individuals</header><text>In the case of an individual—</text>
<clause id="HEA20DBB088024E0B8821E6B2780E2574"><enum>(i)</enum><header>Limitation</header><text>Any qualified contribution shall be allowed only to the extent that the aggregate of such contributions does not exceed the excess of the taxpayer's contribution base (as defined in subparagraph (G) of section 170(b)(1) of such Code) over the amount of all other charitable contributions allowed under section 170(b)(1) of such Code.</text> </clause> <clause id="H9726A08BB3744739ACB135D4042DDC01"><enum>(ii)</enum><header>Carryover</header><text>If the aggregate amount of qualified contributions made in the contribution year (within the meaning of section 170(d)(1) of such Code) exceeds the limitation of clause (i), such excess shall be added to the excess described in the portion of subparagraph (A) of such section which precedes clause (i) thereof for purposes of applying such section.</text> </clause></subparagraph>
<subparagraph id="H5DE389EDB3E845A9A17429AE0A0791E5"><enum>(B)</enum><header>Corporations</header><text>In the case of a corporation—</text> <clause id="H5A0278EA0B3D42CEA925CE084A2AEF05"><enum>(i)</enum><header>Limitation</header><text>Any qualified contribution shall be allowed only to the extent that the aggregate of such contributions does not exceed the excess of the taxpayer's taxable income (as determined under paragraph (2) of section 170(b) of such Code) over the amount of all other charitable contributions allowed under such paragraph.</text> </clause>
<clause id="HD4CC0B8DC92B47E094A371B1AF9D2432"><enum>(ii)</enum><header>Carryover</header><text>Rules similar to the rules of subparagraph (A)(ii) shall apply for purposes of this subparagraph.</text> </clause></subparagraph></paragraph> <paragraph id="H03A48F724D5B4EE6B69619828EE26944"><enum>(3)</enum><header>Exception to overall limitation on itemized deductions</header><text>So much of any deduction allowed under <external-xref legal-doc="usc" parsable-cite="usc/26/170">section 170</external-xref> of the Internal Revenue Code of 1986 as does not exceed the qualified contributions paid during the taxable year shall not be treated as an itemized deduction for purposes of section 68 of such Code.</text> </paragraph>
<paragraph id="H2B4539CC96B746FB951E828453126D7E"><enum>(4)</enum><header>Qualified contributions</header>
<subparagraph id="H4A239D0669934B0AB74659AE662172A4"><enum>(A)</enum><header>In general</header><text>For purposes of this subsection, the term <term>qualified contribution</term> means any charitable contribution (as defined in <external-xref legal-doc="usc" parsable-cite="usc/26/170">section 170(c)</external-xref> of the Internal Revenue Code of 1986) if—</text> <clause id="H981F93754F974B01B58B5F40FFD79F0E"><enum>(i)</enum><text>such contribution—</text>
<subclause id="H21370D65C3D14ADEB55E3D57BF8532F3"><enum>(I)</enum><text>is paid during the period beginning on August 23, 2017, and ending on December 31, 2017, in cash to an organization described in section 170(b)(1)(A) of such Code, and</text> </subclause> <subclause id="HED286513EC6B4F599653C0367C210FC9"><enum>(II)</enum><text>is made for relief efforts in the Hurricane Harvey disaster area, the Hurricane Irma disaster area, or the Hurricane Maria disaster area,</text> </subclause></clause>
<clause id="HA0E1E94A39284F68AAAD28AF324AFE3D"><enum>(ii)</enum><text>the taxpayer obtains from such organization contemporaneous written acknowledgment (within the meaning of section 170(f)(8) of such Code) that such contribution was used (or is to be used) for relief efforts described in clause (i)(II), and</text> </clause> <clause id="H7F2E126AB1BF4C818ED1BF985DE76DF3"><enum>(iii)</enum><text>the taxpayer has elected the application of this subsection with respect to such contribution.</text> </clause></subparagraph>
<subparagraph id="H8CB90277E8AB4DE2B8642487D52F6B00"><enum>(B)</enum><header>Exception</header><text>Such term shall not include a contribution by a donor if the contribution is—</text> <clause id="H3327ECE6215E44C6B7B3BB7AB3193D07"><enum>(i)</enum><text>to an organization described in <external-xref legal-doc="usc" parsable-cite="usc/26/509">section 509(a)(3)</external-xref> of the Internal Revenue Code of 1986, or</text> </clause>
<clause id="H86877BDCBBBC49538082425CA77BC703"><enum>(ii)</enum><text>for the establishment of a new, or maintenance of an existing, donor advised fund (as defined in section 4966(d)(2) of such Code).</text> </clause></subparagraph> <subparagraph id="HAB0912BD5DEA443BB739723A12161F28"><enum>(C)</enum><header>Application of election to partnerships and S corporations</header><text>In the case of a partnership or S corporation, the election under subparagraph (A)(iii) shall be made separately by each partner or shareholder.</text> </subparagraph></paragraph></subsection>
<subsection id="H5AF7B49233004B6CB9056CA09EC053C6"><enum>(b)</enum><header>Special rules for qualified disaster-Related personal casualty losses</header>
<paragraph id="H3F125A85838D4390BFD29CEB2636A5E9"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">If an individual has a net disaster loss for any taxable year—</text> <subparagraph commented="no" id="HDB44613CA03F464A86DA34A7D795B86C"><enum>(A)</enum><text>the amount determined under <external-xref legal-doc="usc" parsable-cite="usc/26/165">section 165(h)(2)(A)(ii)</external-xref> of the Internal Revenue Code of 1986 shall be equal to the sum of—</text>
<clause commented="no" id="H8D61F9E918B3410C84DA8B703DA1E765"><enum>(i)</enum><text>such net disaster loss, and</text> </clause> <clause commented="no" id="H89343A537A334C65BDA4F8FD5D0CAB20"><enum>(ii)</enum><text>so much of the excess referred to in the matter preceding clause (i) of section 165(h)(2)(A) of such Code (reduced by the amount in clause (i) of this subparagraph) as exceeds 10 percent of the adjusted gross income of the individual,</text> </clause></subparagraph>
<subparagraph id="HE69FC6AA80BF4AB3B2EDF2FEAA6B7F61"><enum>(B)</enum><text>section 165(h)(1) of such Code shall be applied by substituting <quote>$500</quote> for <quote>$500 ($100 for taxable years beginning after December 31, 2009)</quote>,</text> </subparagraph> <subparagraph id="H07A32AFD3400446C8C4A98E6CEF5D3D1"><enum>(C)</enum><text>the standard deduction determined under section 63(c) of such Code shall be increased by the net disaster loss, and</text> </subparagraph>
<subparagraph id="H28491BD1FD90456AB462BB07056ADE38"><enum>(D)</enum><text>section 56(b)(1)(E) of such Code shall not apply to so much of the standard deduction as is attributable to the increase under subparagraph (C) of this paragraph.</text> </subparagraph></paragraph> <paragraph id="H9D984BE60CE349FC8F1EB3BEF35C87DE"><enum>(2)</enum><header>Net disaster loss</header><text>For purposes of this subsection, the term <term>net disaster loss</term> means the excess of qualified disaster-related personal casualty losses over personal casualty gains (as defined in <external-xref legal-doc="usc" parsable-cite="usc/26/165">section 165(h)(3)(A)</external-xref> of the Internal Revenue Code of 1986).</text> </paragraph>
<paragraph commented="no" id="H4FA1B528AD714939AE8DEA7BC597864F"><enum>(3)</enum><header>Qualified disaster-related personal casualty losses</header><text>For purposes of this subsection, the term <term>qualified disaster-related personal casualty losses</term> means losses described in <external-xref legal-doc="usc" parsable-cite="usc/26/165">section 165(c)(3)</external-xref> of the Internal Revenue Code of 1986—</text> <subparagraph commented="no" id="HE03B53DB4CCB4725B1FF8DE7279DF0A8"><enum>(A)</enum><text>which arise in the Hurricane Harvey disaster area on or after August 23, 2017, and which are attributable to Hurricane Harvey,</text> </subparagraph>
<subparagraph commented="no" id="H45F64B9D81A342539FCB6D99A086808B"><enum>(B)</enum><text>which arise in the Hurricane Irma disaster area on or after September 4, 2017, and which are attributable to Hurricane Irma, or</text> </subparagraph> <subparagraph commented="no" id="HCD5CE9DAC0CA43C69EA1FF17A23F6D3E"><enum>(C)</enum><text>which arise in the Hurricane Maria disaster area on or after September 16, 2017, and which are attributable to Hurricane Maria.</text> </subparagraph></paragraph></subsection>
<subsection id="HCC5F345CA52A475F921EDB635EBD940C"><enum>(c)</enum><header>Special rule for determining earned income</header>
<paragraph id="H4F20E2B50A7A4006993931D303846458"><enum>(1)</enum><header>In general</header><text>In the case of a qualified individual, if the earned income of the taxpayer for the taxable year which includes the applicable date is less than the earned income of the taxpayer for the preceding taxable year, the credits allowed under sections 24(d) and 32 of the Internal Revenue Code of 1986 may, at the election of the taxpayer, be determined by substituting—</text> <subparagraph id="HDE7010F519054B509CED4C6AC1FA5DC6"><enum>(A)</enum><text>such earned income for the preceding taxable year, for</text> </subparagraph>
<subparagraph id="H18B1E84DE5514B8790BA9E22BB02B9E5"><enum>(B)</enum><text>such earned income for the taxable year which includes the applicable date.</text> </subparagraph><continuation-text continuation-text-level="paragraph">In the case of a resident of Puerto Rico determining the credit allowed under section 24(d)(1)(B)(ii) of such Code, the preceding sentence shall be applied by substituting <quote>social security taxes (as defined in <external-xref legal-doc="usc" parsable-cite="usc/26/24">section 24(d)(2)(A)</external-xref> of the Internal Revenue Code of 1986)</quote> for <quote>earned income</quote> each place it appears.</continuation-text></paragraph> <paragraph id="H73F54E792A5246678D80E2911C999373"><enum>(2)</enum><header>Qualified individual</header><text>For purposes of this subsection—</text>
<subparagraph id="H1DEC09F1864F4AFA89EA84CFA157BA5C"><enum>(A)</enum><header>In general</header><text>The term <term>qualified individual</term> means any qualified Hurricane Harvey individual, any qualified Hurricane Irma individual, and any qualified Hurricane Maria individual.</text> </subparagraph> <subparagraph id="H268A1F3DA76643F2A94937BC9F3540C4"><enum>(B)</enum><header>Qualified Hurricane Harvey individual</header><text>The term <term>qualified Hurricane Harvey individual</term> means any individual whose principal place of abode on August 23, 2017, was located—</text>
<clause id="H2CE1A9AA880C4C34B7EDA0FC345A9FFE"><enum>(i)</enum><text>in the Hurricane Harvey disaster zone, or</text> </clause> <clause id="HA45CFB3A047D4346BDD91C24881C35D7"><enum>(ii)</enum><text>in the Hurricane Harvey disaster area (but outside the Hurricane Harvey disaster zone) and such individual was displaced from such principal place of abode by reason of Hurricane Harvey.</text> </clause></subparagraph>
<subparagraph id="HCE2F0D58C27A4970B31323E114E38110"><enum>(C)</enum><header>Qualified Hurricane Irma individual</header><text>The term <term>qualified Hurricane Irma individual</term> means any individual (other than a qualified Hurricane Harvey individual) whose principal place of abode on September 4, 2017, was located—</text> <clause id="HF75AD53CBA93465F8404A18709875CFF"><enum>(i)</enum><text>in the Hurricane Irma disaster zone, or</text> </clause>
<clause id="H3ABE27E3D2C44BAF8030C038A1080EF4"><enum>(ii)</enum><text>in the Hurricane Irma disaster area (but outside the Hurricane Irma disaster zone) and such individual was displaced from such principal place of abode by reason of Hurricane Irma.</text> </clause></subparagraph> <subparagraph id="H9EA7AA2EB87E41E4ADCC73DFE80ABB21"><enum>(D)</enum><header>Qualified Hurricane Maria individual</header><text>The term <term>qualified Hurricane Maria individual</term> means any individual (other than a qualified Hurricane Harvey individual or a qualified Hurricane Irma individual) whose principal place of abode on September 16, 2017, was located—</text>
<clause id="HBA47C45350CF493E88CF625AAA95A522"><enum>(i)</enum><text>in the Hurricane Maria disaster zone, or</text> </clause> <clause id="H674A5FFD1FC54FDA86AFF63CF2C3B3EE"><enum>(ii)</enum><text>in the Hurricane Maria disaster area (but outside the Hurricane Maria disaster zone) and such individual was displaced from such principal place of abode by reason of Hurricane Maria.</text> </clause></subparagraph></paragraph>
<paragraph id="H23FD6E49CB014F2E8E6482F2BBB502DE"><enum>(3)</enum><header>Applicable date</header><text>For purposes of this subsection, the term <term>applicable date</term> means—</text> <subparagraph id="HF980A037F7DE4C03AD707A127156BADA"><enum>(A)</enum><text>in the case of a qualified Hurricane Harvey individual, August 23, 2017,</text> </subparagraph>
<subparagraph id="H3E1C72F188A542309E980CE95961ECCE"><enum>(B)</enum><text>in the case of a qualified Hurricane Irma individual, September 4, 2017, and</text> </subparagraph> <subparagraph id="H59422EA877A54FDA9D74FCB11193CC74"><enum>(C)</enum><text>in the case of a qualified Hurricane Maria individual, September 16, 2017.</text> </subparagraph></paragraph>
<paragraph id="H495001BA50254D91A001498C22FD65D7"><enum>(4)</enum><header>Earned income</header><text>For purposes of this subsection, the term <term>earned income</term> has the meaning given such term under <external-xref legal-doc="usc" parsable-cite="usc/26/32">section 32(c)</external-xref> of the Internal Revenue Code of 1986.</text> </paragraph> <paragraph id="H8A01865853E4486F8BECDACC3712F38A"><enum>(5)</enum><header>Special rules</header> <subparagraph id="H7BE27FF1E26D47FCB41A1DA9A6654637"><enum>(A)</enum><header>Application to joint returns</header><text>For purposes of paragraph (1), in the case of a joint return for a taxable year which includes the applicable date—</text>
<clause id="H3B25D528F91F46C19A717D9FA5A74787"><enum>(i)</enum><text>such paragraph shall apply if either spouse is a qualified individual, and</text> </clause> <clause id="H3A36848468024C858F5E8190B0EF6A15"><enum>(ii)</enum><text>the earned income of the taxpayer for the preceding taxable year shall be the sum of the earned income of each spouse for such preceding taxable year.</text> </clause></subparagraph>
<subparagraph id="H5EB779A4322842798C3345989326C126"><enum>(B)</enum><header>Uniform application of election</header><text>Any election made under paragraph (1) shall apply with respect to both sections 24(d) and 32, of the Internal Revenue Code of 1986.</text> </subparagraph> <subparagraph id="H22FEA00C921347FBB5651471B169831C"><enum>(C)</enum><header>Errors treated as mathematical error</header><text>For purposes of <external-xref legal-doc="usc" parsable-cite="usc/26/6213">section 6213</external-xref> of the Internal Revenue Code of 1986, an incorrect use on a return of earned income pursuant to paragraph (1) shall be treated as a mathematical or clerical error.</text> </subparagraph>
<subparagraph id="HDCE364619C354114814E1F8ACAC19C83"><enum>(D)</enum><header>No effect on determination of gross income, etc</header><text>Except as otherwise provided in this subsection, the Internal Revenue Code of 1986 shall be applied without regard to any substitution under paragraph (1).</text> </subparagraph></paragraph></subsection> <subsection id="H2D01D28F034E4047A27D4E690033AA60"><enum>(d)</enum><header>Application of disaster-Related tax relief to possessions of the United States</header> <paragraph id="H0838352DC0BC40E99D7D8A93FCA0B932"><enum>(1)</enum><header>Payments to United States Virgin Islands and Puerto Rico</header> <subparagraph id="H661E80834B0B4532BA292BE7D312B545"><enum>(A)</enum><header>United States Virgin Islands</header><text display-inline="yes-display-inline">The Secretary of the Treasury shall pay to the United States Virgin Islands amounts equal to the loss in revenues to the United States Virgin Islands by reason of the provisions of this title. Such amounts shall be determined by the Secretary of the Treasury based on information provided by the government of the United States Virgin Islands. </text></subparagraph>
<subparagraph id="H4EFCF66FA3DB457C8ECCD6ABF09E8CE4"><enum>(B)</enum><header>Puerto Rico</header><text>The Secretary of the Treasury shall pay to Puerto Rico amounts estimated by the Secretary of the Treasury as being equal to the aggregate benefits that would have been provided to residents of Puerto Rico by reason of the provisions of this title if a mirror code tax system had been in effect in Puerto Rico. The preceding sentence shall not apply with respect to Puerto Rico unless Puerto Rico has a plan, which has been approved by the Secretary of the Treasury, under which Puerto Rico will promptly distribute such payments to its residents.</text></subparagraph></paragraph> <paragraph id="H450529BD46114E6BA1A212C2D3FF631B"><enum>(2)</enum><header>Definition and special rules</header> <subparagraph id="H9A0E4CE5CBEB42E38D0023335126604C"><enum>(A)</enum><header>Mirror code tax system</header><text>For purposes of this subsection, the term <term>mirror code tax system</term> means, with respect to any possession of the United States, the income tax system of such possession if the income tax liability of the residents of such possession under such system is determined by reference to the income tax laws of the United States as if such possession were the United States.</text> </subparagraph>
<subparagraph id="H2A27C57D6B5D47969075C3E1F6FFB59F"><enum>(B)</enum><header>Treatment of payments</header><text>For purposes of section 1324 of title 31, United States Code, the payments under this subsection shall be treated in the same manner as a refund due from a credit provision referred to in subsection (b)(2) of such section.</text> </subparagraph> <subparagraph commented="no" id="HC450D3B9E3E44F129C047A19D6117A17"><enum>(C)</enum><header>Coordination with United States income taxes</header><text>In the case of any person with respect to whom a tax benefit is taken into account with respect to the taxes imposed by any possession of the United States by reason of this title, the Internal Revenue Code of 1986 shall be applied with respect to such person without regard to the provisions of this title which provide such benefit.</text> </subparagraph></paragraph></subsection></section>
<section id="H2331BB52C9F04DA78F56D64101EB89FD"><enum>505.</enum><header>Budgetary effects</header>
<subsection id="H5596C9BA34AD475F908E079A5AD07FB5"><enum>(a)</enum><header>Emergency designation</header><text display-inline="yes-display-inline">This title is designated as an emergency requirement pursuant to section 4(g) of the Statutory Pay-As-You-Go Act of 2010 (<external-xref legal-doc="usc" parsable-cite="usc/2/933">2 U.S.C. 933(g)</external-xref>).</text> </subsection> <subsection id="H34EFD6C7DAAD4C669B0EAEF65DFC894D"><enum>(b)</enum><header>Designation in Senate</header><text display-inline="yes-display-inline">In the Senate, this title is designated as an emergency requirement pursuant to section 403(a) of S. Con. Res. 13 (111th Congress), the concurrent resolution on the budget for fiscal year 2010.</text> </subsection></section>
Passed the House of Representatives September 28, 2017.Karen L. Haas,Clerk.