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United States · Bill · HR

H.R. 10509 (94th)

A bill to provide certain special rules with respect to the application of the Internal Revenue Code of 1954 to certain flood victims.

referredUnited States· United States Congress· EN

Introduced

31 October 1975

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

1 August 2024

Official sourceView documentsShare

Summary

Allows flood victims receiving compensation for flood losses to exclude the amount of such compensation from gross income. States that such taxpayers shall not be required to recompute the tax for a preceding year in which they declared a credit or received a refund on account of such loss.

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Documents

1 official file

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Sources

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