United States · Bill · HR
H.R. 3987 (109th)
Katrina Economic Opportunity Act
Introduced
6 October 2005
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
15 August 2025
Summary
Katrina Economic Opportunity Act - Amends the Internal Revenue Code to: (1) exclude from gross income gain from the sale or exchange of a Gulf Opportunity Zone asset (business stock, partnership interest, or property in a Hurricane Katrina disaster area) held for more than five years; (2) waive small business asset expensing limits for Gulf Opportunity Zone assets; and (3) qualify Gulf Opportunity Zone investments for the new markets tax credit.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 6 October 2005
Introduced in House (PDF)
Introduced in House · EN · 6 October 2005
Introduced in House
summary · EN · 6 October 2005
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/109th-congress/house-bill/3987
- Open data entity: https://api.congress.gov/v3/bill/109/hr/3987