Kansas Flood Recovery and Economic Opportunity Act of 2007

To extend tax relief to the residents and businesses of an area with respect to which a major disaster has been declared by the President under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (FEMA-1711-DR) by reason of severe storms and flooding beginning on June 26, 2007, and determined by the President to warrant individual or individual and public assistance from the Federal Government under such Act.

8/3/2007--Introduced.
Kansas Flood Recovery and Economic Opportunity Act of 2007 - Establishes the federal share of assistance for the state of Kansas under the Robert T. Stafford Disaster Relief and Emergency Assistance Act for the storms and flooding in that state between June 26, 2007, and July 25, 2007, at 100% of eligible costs. Extends to certain areas in Kansas declared by the President as major disaster areas under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (FEMA-1711-DR, as in effect on the date of enactment of this Act) by reason of severe storms and flooding beginning on June 26, 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) bonus depreciation for certain property acquired after June 26, 2007;
(5) increased expensing of small business assets and of demolition and cleanup costs;
(6) an increase in the tax credit for rehabilitation expenditures;
(7) extended net operating loss carryback periods for losses attributable to storms 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.

... morehide bill summary

Sponsor

• Rep. Todd Tiahrt [R, KS-4]
• and 3 Co-Sponsors
  • Nancy Boyda
  • Rep. Dennis Moore [D, KS-3]
  • Rep. Jerry Moran [R, KS-1]
  close

Committees

• House Ways and Means
• 2 more
  • House Transportation and Infrastructure
  • House Transportation and Infrastructure
  close

Amendments

This bill has no amendments.

Amendments to H.R.3444

Number	Status	Purpose

Bill Status

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Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
August 03, 2007

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All Bill Actions

• Sep 05, 2007: Sponsor introductory remarks on measure. (CR H10099-10100)
• Aug 04, 2007: Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
• Introduced on Aug 03, 2007.
• Aug 03, 2007: Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
• Aug 03, 2007: Referred to House Ways and Means
• Aug 03, 2007: Referred to House Transportation and Infrastructure

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Related Bills:

• H.R.2935
• S.1423
• S.1532

Related Issue Areas:

• Emergency management
• Bonds
• Business
• Capital gains tax
• 27 more
• Depreciation and amortization
• Disaster relief
• Employment
• Energy
• Finance
• Floods
• Housing
• Income
• Income tax
• Individual retirement accounts
• Kansas
• Labor
• Landlord and tenant
• Loans
• Losses
• Low-income housing
• Pensions
• Public utilities
• Rental housing
• Small business
• Storms
• Tax administration
• Tax credits
• Tax deductions
• Tax penalties
• Taxation
• Welfare

Data from the Congressional Research Service

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April 05, 2008 E-LIS - The loss of personal privacy and its consequences for ...

Privacy of medical records: Hearings before a Subcommittee of the Committee on Government Operations on H.R. 2979 and H.R. 3444, House of Representatives, 95th Cong. (1979). Privacy under a microscope: Balancing the needs on research ...

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April 04, 2008 DLIST - The loss of personal privacy and its consequences for ...

Privacy of medical records: Hearings before a Subcommittee of the Committee on Government Operations on H.R. 2979 and H.R. 3444, House of Representatives, 95th Cong. (1979). Privacy under a microscope: Balancing the needs on research ...

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