Kansas Disaster Tax Relief Assistance Act

Summary

Kansas Disaster Tax Relief Assistance Act - Extends to businesses and individuals in certain Kansas counties declared by the President as major disaster areas under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (FEMA-1699-DR, as in effect on the date of enactment of this Act) by reason of severe storms and tornados beginning on May 4, 2007, provisions of the Internal Revenue Code allowing: (1) suspension of certain limitations on personal casualty losses; (2) an extension of the period for replacing damaged property without recognizing gain; (3) an employee retention tax credit for affected businesses through 2007; (4) 50% bonus depreciation for affected businesses; (5) increased expensing of small business assets; (6) increased expensing of demolition and cleanup costs; (7) extended net operating loss carryback periods for losses attributable to storms and tornadoes and for public utility property disaster losses; (8) relaxed income verification requirements for tenants in low-income rental projects; and (9) penalty-free withdrawals and loans from individual retirement accounts and other tax-exempt pension plans.

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

Timeline

1. 25 May 2007

   Introduced

   Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S6967-6968; text as passed Senate: CR S6968)

   Source: Floor

2. 25 May 2007

   Introduced

   Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.(consideration: CR S6967-6968; text as passed Senate: CR S6968)

   Source: Floor

3. 25 May 2007

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Engrossed in Senate · 25 May 2007 · Download file
• Held at Desk Senate · 25 May 2007 · Download file

Documents

6 official files

• Held at Desk Senate (text)

  Held at Desk Senate · EN · 25 May 2007

  ViewDownloadOpen at official source

• Held at Desk Senate (PDF)

  Held at Desk Senate · EN · 25 May 2007

  ViewDownloadOpen at official source

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• Engrossed in Senate (text)

  Engrossed in Senate · EN · 25 May 2007

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• Engrossed in Senate (PDF)

  Engrossed in Senate · EN · 25 May 2007

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• Passed Senate without amendment

  summary · EN · 25 May 2007

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  Vertaal document

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• Introduced in Senate

  summary · EN · 25 May 2007

  Open at official source

  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Roberts, Pat [R-KS] · R · Sponsor
• Sen. Brownback, Sam [R-KS] · R · Sponsor

Related records

• related to → Kansas Flood Recovery and Economic Opportunity Act of 2007
• related to → Kansas Disaster Tax Relief Assistance Act
• related to ← Kansas Disaster Tax Relief Assistance Act