{
  "id": "RS22249",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "RS22249",
  "active": false,
  "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department",
  "versions": [
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      "source": "EveryCRSReport.com",
      "id": 312574,
      "date": "2006-02-17",
      "retrieved": "2016-04-07T19:12:36.096029",
      "title": "Income Tax Relief in Times of Disaster",
      "summary": "Income tax relief in times of disaster is varied, but typically includes several key provisions in\nthe\nfederal tax code. These provisions include a deduction for casualty losses, the postponement of\nfiling deadlines, and the abatement of interest and/or fees.\n Generally, individuals and businesses can claim an income tax deduction for casualty losses. \nWhen the casualty losses occur in a presidentially declared disaster area special tax provisions come\ninto play. For example, taxpayers can shorten the amount of time it takes to receive an income tax\nrefund by filing an amended tax return for the previous tax year to claim losses from the disaster. \nAnother special tax rule allows for the deferral of capital gain from involuntary conversions of\nassets.\n Taxpayers in a presidentially declared disaster area who receive grants from FEMA, state\nprograms, charitable organizations, or employers to cover medical, transportation, or temporary\nhousing expenses are able to exclude these grants from taxable income. \n Most recently, in response to hurricanes in the Gulf region (Katrina, Wilma, and Rita), Congress\nenacted additional tax relief.  H.R. 3768 , the Katrina Emergency Tax Relief Act of\n2005, became  P.L. 109-73  on September 23, 2005, and  H.R. 4440 , the Gulf Opportunity\nZone Act of 2005, became  P.L. 109-135  on December 22, 2005. The new laws expand existing tax\nrelief for victims of the hurricanes. \n This report will be updated as warranted by legislative events.",
      "type": "CRS Report",
      "typeId": "REPORTS",
      "active": false,
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      ],
      "topics": []
    },
    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metacrs7646/",
      "id": "RS22249 2005-09-09",
      "date": "2005-09-09",
      "retrieved": "2005-11-02T15:10:12",
      "title": "Income Tax Relief in Times of Disaster",
      "summary": null,
      "type": "CRS Report",
      "typeId": "REPORT",
      "active": false,
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          "format": "HTML",
          "filename": "files/20050909_RS22249_2e66283f427a1239d64a397fbd2744ab21ea93dd.html"
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      ],
      "topics": [
        {
          "source": "LIV",
          "id": "Emergency management",
          "name": "Emergency management"
        },
        {
          "source": "LIV",
          "id": "Disaster relief",
          "name": "Disaster relief"
        },
        {
          "source": "LIV",
          "id": "Taxation",
          "name": "Taxation"
        }
      ]
    }
  ],
  "topics": []
}