Disaster Tax Relief Act of 2019

Summary

Disaster Tax Relief Act of 2019 This bill allows various tax credits, tax deductions, and modifications to existing rules for individuals and businesses affected by certain federally declared disasters that began after January 1, 2018, and before the enactment of this bill. With respect to individuals and businesses in the affected areas, the bill waives the 10% additional tax on certain early distributions from retirement plans, permits individuals to recontribute funds to retirement plans if the funds were distributed for a home purchase that was cancelled on account of a disaster, increases the limit and extends the repayment deadline for loans from retirement plans, allows an employee retention tax credit for employers affected by disasters, temporarily suspends the limitation on tax deductions for charitable contributions for relief efforts in disaster areas, modifies the rules for the deduction for personal casualty losses, allows taxpayers residing in disaster areas to use earned income from the immediately preceding year for the purpose of determining earned income for the earned income tax credit and the child tax credit, and automatically extends tax filing deadlines for taxpayers who have a principal residence or place of business located in a disaster area. The bill also requires the Department of the Treasury to make payments to certain U.S. possessions to either compensate for revenue lost due to specified provisions in the bill or allow residents to benefit from the provisions.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 9 April 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 9 April 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 April 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 9 April 2019 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 April 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 9 April 2019

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 9 April 2019

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Rice, Tom [R-SC-7] · R · Sponsor
• Rep. Scott, Austin [R-GA-8] · R · Sponsor
• Rep. Dunn, Neal P. [R-FL-2] · R · Sponsor
• Rep. Rouzer, David [R-NC-7] · R · Sponsor
• · hswm00 · Standing

Related records

• related to → Further Consolidated Appropriations Act, 2020
• related to → Tax Extender and Disaster Relief Act of 2019
• related to → Hurricane Florence Tax Relief Act
• related to → Disaster Certainty Act of 2019
• related to → 2018 Natural Disasters Tax Relief Act
• related to ← Disaster Tax Relief Act of 2019
• related to ← Disaster Tax Relief Act of 2019
• related to ← TREAD Act
• related to ← Taxpayer Certainty and Disaster Tax Relief Act of 2019
• related to ← Hurricanes Florence and Michael and California Wildfire Tax Relief Act