S 1366 · 105th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to eliminate the 10 percent floor for deductible disaster losses.

Introduced 1997-11-04· Sponsored by Sen. Kerrey, J. Robert [D-NE]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(1997-11-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to: (1) eliminate the current ten percent floor for deductible disaster losses; and (2) define the term "federally declared disaster loss."…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Sen. Conrad, Kent [D-ND]ND