US Congress House Bill 2137 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 31-9)
Status: Introduced on May 23 2013 - 25% progression, died in committee
Action: 2013-05-23 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Hurricane Sandy Tax Relief Act of 2013 - Amends the Internal Revenue Code to provide tax benefits for individuals and businesses affected by Hurricane Sandy, including: an exemption from the gross income limitation for deducting casualty losses attributable to Hurricane Sandy; expensing allowances for Hurricane Sandy disaster expenses, disaster assistance property, and environmental remediation expenses; treatment of losses attributable to Hurricane Sandy as net operating losses; suspension of mortgage revenue bond requirements for residences located in the Hurricane Sandy disaster area; an increased charitable tax deduction for Hurricane Sandy disaster relief contributions; a special allocation of the new markets tax credit for investments in community development entities serving the disaster area; special adjustments to the earned income tax credit and the child tax credit for individuals living in the disaster area; a work opportunity tax credit for hiring employees residing in the Hurricane Sandy disaster area; authorization for issuance of Hurricane Sandy bonds to finance disaster relief projects; an additional allocation of low-income housing credits in states affected by Hurricane Sandy; and an exemption from the 10% penalty for premature distributions from a retirement plan to individuals residing in the Hurricane Sandy disaster area.

Hurricane Sandy Tax Relief Act of 2013

Rep. Bill Pascrell [D-NJ]	Rep. Robert Andrews [D-NJ]	Rep. Timothy Bishop [D-NY]	Rep. David Cicilline [D-RI]
Rep. Joe Courtney [D-CT]	Rep. Joseph Crowley [D-NY]	Rep. Rosa DeLauro [D-CT]	Rep. Eliot Engel [D-NY]
Rep. Rodney Frelinghuysen [R-NJ]	Rep. Michael Grimm [R-NY]	Rep. Richard Hanna [R-NY]	Rep. Brian Higgins [D-NY]
Rep. James Himes [D-CT]	Rep. Rush Holt [D-NJ]	Rep. Steve Israel [D-NY]	Rep. Hakeem Jeffries [D-NY]
Rep. Peter King [R-NY]	Rep. Leonard Lance [R-NJ]	Rep. James Langevin [D-RI]	Rep. John Larson [D-CT]
Rep. John Lewis [D-GA]	Rep. Frank LoBiondo [R-NJ]	Rep. Nita Lowey [D-NY]	Rep. Carolyn Maloney [D-NY]
Rep. Sean Maloney [D-NY]	Rep. Carolyn McCarthy [D-NY]	Rep. Gregory Meeks [D-NY]	Rep. Grace Meng [D-NY]
Rep. Jerrold Nadler [D-NY]	Rep. William Owens [D-NY]	Rep. Frank Pallone [D-NJ]	Rep. Donald Payne [D-NJ]
Rep. Charles Rangel [D-NY]	Rep. Tom Reed [R-NY]	Rep. Jon Runyan [R-NJ]	Rep. Jose Serrano [D-NY]
Rep. Albio Sires [D-NJ]	Rep. Christopher Smith [R-NJ]	Rep. Paul Tonko [D-NY]	Rep. Nydia Velazquez [D-NY]

Date	Chamber	Action
2013-05-23	House	Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/2137/all-info
Text	https://www.congress.gov/113/bills/hr2137/BILLS-113hr2137ih.pdf