California Wildfire Tax Relief Act of 2007

Summary

California Wildfire Tax Relief Act of 2007 - Provides special tax treatment for taxpayers in areas affected by the California wildfires of October 2007 relating to: (1) nonrecognition of gain from the involuntary conversion of property; (2) limitations on charitable contributions for relief efforts; (3) the exclusion from gross income for discharges of indebtedness; (4) mortgage revenue bonds; (5) limitations on personal casualty losses; (6) additional tax exemptions for providing housing for displaced individuals; (7) earned income calculations; (8) dependency status for purposes of tax exemptions or the child tax credit; (9) premature withdrawals from retirement plans; (10) income averaging; (11) recontributions to tax-deferred home purchase plans; and (12) loans from tax-qualified employer plans.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 October 2007

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• Introduced in House (PDF)

  Introduced in House · EN · 29 October 2007

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• Introduced in House

  summary · EN · 29 October 2007

  Open at official source

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