A bill to amend the Internal Revenue Code of 1954 to provide that losses attributable to disasters determined to warrant assistance under the Disaster Relief Act of 1974 shall be allowable as a deduction without regard to whether they exceed 10 percent of the adjusted gross income of the taxpayer.

Summary

Amends the Internal Revenue Code to provide that losses attributable to disasters determined to warrant assistance under the Disaster Relief Act of 1974 shall be allowable as an income tax deduction without regard to whether they exceed ten percent of the adjusted gross income of the taxpayer.

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

Timeline

1. 28 October 1983

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 28 October 1983

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 October 1983

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 28 October 1983

  Open at official source

Sponsors

• Rep. Udall, Morris K. [D-AZ-2] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → A bill amend the Internal Revenue Code of 1954 to provide that losses attributable to disasters determined to warrant assistance under the Disaster Relief Act of 1974 shall be allowable as a deduction without regard to whether they exceed 10 percent of the adjusted gross income of the taxpayer.