s 12 52233 1216785600 false 1216785600 3322 5610 110 300048

7/23/2008--Introduced.<br/>Midwestern Disaster Tax Relief Act of 2008 - Amends the Internal Revenue Code to provide tax benefits to individuals affected by presidentially-declared natural disasters (i.e., severe storms, tornadoes, or flooding) in the states of Arkansas, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, and Wisconsin on or after May 20, 2008, and before August 1, 2008 (Midwestern disaster area).<br/>Makes specified provisions of the Internal Revenue Code, which currently apply only to residents of the Gulf Opportunity Zone and the Hurricane Katrina disaster area, applicable to the Midwestern disaster area, including: (1) tax-exempt bond financing, the low-income housing tax credit, accelerated depreciation and increased expensing of business assets, an increase in the rehabilitation tax credit, extended carryback of net operating losses, and investment in tax credit bonds; (2) increased tax deductions for tuition and related educational expenses; (3) expensing of environmental remediation costs and demolition and cleanup costs; (4) tax incentives for employer-provided housing; (5) tax-free withdrawals from retirement accounts and recontributions for home purchases; (6) employer tax credits for retention of employees; (7) suspension of limitations on tax deductions for charitable contributions and personal casualty losses; (8) mortgage revenue bonds for owner-occupied residences; (9) tax exemptions for cancellation of indebtedness; and (10) nonrecognition of gain for homes and businesses destroyed in a disaster. Allows taxpayers in the Midwestern disaster area who claimed a tax deduction for a casualty loss to a principal residence and later received a grant under any federal or state program for reimbursement of such loss to file an amended tax return, without incurring tax penalties.<br/>Extends through 2009 the additional tax exemption for housing displaced individuals in the Midwestern disaster area. Excludes from gross income, through December 31, 2008, reimbursements to volunteers in the Midwestern disaster area for the use of a personal vehicle for charitable work. Increases the standard mileage rate for the charitable use of personal vehicles.<br/>Extends through 2009 the enhanced tax deduction for charitable contributions of food inventories and of book inventories to public schools. Requires tax-exempt charitable organizations to provide the Secretary of the Treasury with specified information, on an annual basis, relating to their disaster relief activities.<br/>

1216785600 2008-07-23 Fri Nov 07 19:16:17 -0600 2008 introduced 52233 'act':5 'tax':3 '2008':7 'disast':2 'relief':4 'midwestern':1 63600 false short introduced 52233 'tax':5 'bill':2 'flood':15 'sever':11 'storm':12 'provid':4 'purpos':22 'relief':6 'victim':9 'midwest':18 'tornado':13 63601 false official action 52233 1216785600 Wed Jul 23 00:00:00 -0500 2008 170263 Read twice and referred to the Committee on Finance. G000386 1933-09-17 11289 135 Hart Senate Office Building http://grassley.senate.gov/contact.cfm 202-224-6020 Charles 'r':4 'ia':5 'sen':1 'charl':2,6,9 'chuck':8 'grassley':3,7,10 M 300048 Grassley Chuck_Grassley E. Sen. Charles Grassley [R, IA] 6853 Chuck N00001758 14594 Republican 202-224-3744 Baptist IA Chuck Charles Grassley 5.15217391304348 http://grassley.senate.gov SenChuckGrassley B001233 1955-12-26 6036 131 Russell Senate Office Building http://bayh.senate.gov/contact/email/ 202-228-1377 Evan 'd':4 'sen':1 'bayh':3,7,9 'evan':2,6,8 M 300006 Bayh Evan_Bayh Sen. Evan Bayh [D, IN] 2716 N00003762 18512 Democrat 202-224-5623 Episcopalian IN Evan Bayh 3.25925925925926 http://bayh.senate.gov B000611 1939-03-06 5040 274 Russell Senate Office Building http://bond.senate.gov/public/index.cfm?FuseAction=ContactUs.ContactForm 202-224-8149 Christopher 'r':4 'mo':5 'kit':8 'sen':1 'bond':3,7,10 'christoph':2,6,9 M 300010 Bond Christopher_S._Bond S. Sen. Christopher Bond [R, MO] 2538 Kit N00005178 11788 Republican 202-224-5721 Presbyterian MO Kit Christopher Bond 3.36507936507937 http://bond.senate.gov/public/ CSBondMO B000953 1956-09-12 4153 303 Hart Senate Office Building http://brownback.senate.gov/public/contact/emailsam.cfm 202-228-1265 Samuel 'r':4 'ks':5 'sam':8 'sen':1 'samuel':2,6,9 'brownback':3,7,10 M 300013 Brownback Sam_Brownback D. Sen. Samuel Brownback [R, KS] 1895 Sam N00005244 10527 Republican 202-224-6521 Roman Catholic KS Sam Samuel Brownback 3.75555555555556 http://brownback.senate.gov/public/ SenatorSamBrownback C001057 1949-08-17 9617 Norm 'norm':1,3,5 'coleman':2,4,6 M 300024 Coleman Norm_Coleman Norm Coleman 3923 N00013870 9264 Republican Jewish Norm Coleman 2.8 D000563 1944-11-21 10035 309 Hart Senate Office Building http://durbin.senate.gov/contact.cfm 202-228-0400 Richard 'd':4 'il':5 'sen':1 'durbin':3,7,9 'richard':2,6,8 M 300038 Durbin Richard_Durbin J. Sen. Richard Durbin [D, IL] 5122 N00004981 20310 Democrat 202-224-2152 Roman Catholic IL Dick Richard Durbin 3.60810810810811 http://durbin.senate.gov H000206 1939-11-19 5058 731 Hart Senate Office Building http://harkin.senate.gov/c/index.cfm 202-224-9369 Thomas 'd':4 'ia':5 'sen':1 'tom':8 'thoma':2,6,9 'harkin':3,7,10 M 300051 Harkin Tom_Harkin Sen. Thomas Harkin [D, IA] 2565 Tom N00004207 11306 Democrat 202-224-3254 Roman Catholic IA Tom Thomas Harkin 2.39024390243902 http://harkin.senate.gov/ SenatorTomHarkin K000367 1960-05-25 7588 302 Hart Senate Office Building http://klobuchar.senate.gov/emailamy.cfm 202-228-2186 Amy 'd':4 'mn':5 'ami':2,6,8 'sen':1 'klobuchar':3,7,9 F 412242 Klobuchar Amy_Klobuchar Sen. Amy Klobuchar [D, MN] 4660 N00027500 13146 Democrat 202-224-3244 MN Amy Klobuchar 2.91025641025641 http://klobuchar.senate.gov/ L000504 1932-04-04 10098 306 Hart Senate Office Building http://lugar.senate.gov/contact/ 202-228-0360 Richard 'r':4 'sen':1 'lugar':3,7,9 'richard':2,6,8 M 300070 Lugar Richard_Lugar G. Sen. Richard Lugar [R, IN] 5509 N00001764 13716 Republican 202-224-4814 Methodist IN Richard Lugar 3.375 http://lugar.senate.gov/ senatorlugar M001170 1953-07-24 10450 717 Hart Senate Office Building http://mccaskill.senate.gov/contact/ 202-228-6326 Claire 'd':4 'mo':5 'sen':1 'clair':2,6,8 'mccaskil':3,7,9 F 412243 McCaskill Claire_McCaskill Sen. Claire McCaskill [D, MO] 4855 N00027694 13693 Democrat 202-224-6154 MO Claire McCaskill 3.29333333333333 http://mccaskill.senate.gov/ O000167 1961-08-04 28998 Barack 'obama':2,4,6 'barack':1,3,5 M 400629 Obama Barack_Obama Barack Obama 8812 N00009638 56857 Democrat United Church of Christ Barack Obama 3.69512195121951 R000307 1936-04-20 6028 109 Hart Senate Office Building http://roberts.senate.gov/public/index.cfm?FuseAction=ContactInformation.EmailPat 202-224-3514 Pat 'r':4 'ks':5 'pat':2,6,8 'sen':1 'robert':3,7,9 M 300083 Roberts Pat_Roberts Sen. Pat Roberts [R, KS] 2664 N00005285 9692 Republican 202-224-4774 Methodist KS Pat Roberts 4.45714285714286 http://roberts.senate.gov/public/ action 52233 1216785600 Wed Jul 23 00:00:00 -0500 2008 170263 Read twice and referred to the Committee on Finance. introduced 52233 1216785600 Wed Jul 23 00:00:00 -0500 2008 170262