Fair Disaster Tax Relief Act of 2009

Summary

Fair Disaster Tax Relief Act of 2009 - Amends the Internal Revenue Code to make permanent: (1) the enhanced tax deduction for net losses incurred in federally declared disasters; (2) the $500 limit on the tax deduction for individual casualty losses; (3) expensing of certain disaster abatement and cleanup expenses; (4) the tax deduction for net operating losses attributable to a federally declared disaster; (5) eligibility for tax-exempt bond financing for repair of principal residences destroyed or damaged in a federally declared disaster; and (6) the bonus depreciation allowance for property in a disaster area.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 November 2009

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• Introduced in House (PDF)

  Introduced in House · EN · 6 November 2009

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• Introduced in House

  summary · EN · 6 November 2009

  Open at official source

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