Kansas Flood Recovery and Economic Opportunity Act of 2007

Summary

Kansas Flood Recovery and Economic Opportunity Act of 2007 - Establishes the federal share of assistance for the state of Kansas under the Robert T. Stafford Disaster Relief and Emergency Assistance Act for the storms and flooding in that state between June 26, 2007, and July 25, 2007, at 100% of eligible costs. Extends to certain areas in Kansas declared by the President as major disaster areas under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (FEMA-1711-DR, as in effect on the date of enactment of this Act) by reason of severe storms and flooding beginning on June 26, 2007, provisions of the Internal Revenue Code allowing: (1) suspension of certain limitations on personal casualty losses; (2) an extension of the period for replacing damaged property without recognizing gain; (3) an employee retention tax credit for affected businesses through 2007; (4) bonus depreciation for certain property acquired after June 26, 2007; (5) increased expensing of small business assets and of demolition and cleanup costs; (6) an increase in the tax credit for rehabilitation expenditures; (7) extended net operating loss carryback periods for losses attributable to storms and for public utility property disaster losses; (8) relaxed income verification requirements for tenants in low-income rental projects; and (9) penalty-free withdrawals and loans from individual retirement accounts and other tax-exempt pension plans.

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

Timeline

1. 3 August 2007

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 3 August 2007

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 3 August 2007

   Introduced

   Introduced in House

   Source: IntroReferral

4. 3 August 2007

   Introduced

   Introduced in House

   Source: IntroReferral

5. 4 August 2007

   Referred

   Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.

   Source: Committee

6. 5 September 2007

   Introduced

   Sponsor introductory remarks on measure. (CR H10099-10100)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 3 August 2007 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 August 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 3 August 2007

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 3 August 2007

  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. Tiahrt, Todd [R-KS-4] · R · Sponsor
• Rep. Moore, Dennis [D-KS-3] · D · Sponsor
• Rep. Boyda, Nancy E. [D-KS-2] · D · Sponsor
• Sen. Moran, Jerry [R-KS] · R · Sponsor
• · hspw00 · Standing
• · hswm00 · Standing

Related records

• related to → Kansas Disaster Tax Relief Assistance Act
• related to ← Kansas Disaster Tax Relief Assistance Act
• related to ← Kansas Disaster Tax Relief Assistance Act