Economic Relief for Gulf Coast Families and Businesses Act

Summary

Economic Relief for Gulf Coast Families and Businesses Act - Amends the Internal Revenue Code to: (1) exclude from gross income gain from the sale or exchange of Hurricane Katrina Zone assets held for more than five years; and (2) allow reduced estate tax rates for Hurricane Katrina victims. Includes as such assets: (1) Katrina Zone business stock or principal interests issued after August 28, 2005, and acquired by the taxpayer before January 1, 2007; and (2) Katrina Zone business property acquired between such dates, provided its original use in the Zone commences with the taxpayer.

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Timeline

1. 7 October 2005

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 7 October 2005

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 October 2005

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 7 October 2005 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 October 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 October 2005

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 7 October 2005

  Open at official source

Sponsors

• Rep. Garrett, Scott [R-NJ-5] · R · Sponsor
• Rep. Miller, Jeff [R-FL-1] · R · Cosponsor
• Rep. Musgrave, Marilyn N. [R-CO-4] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → Katrina Economic Opportunity Act