HEART Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 8846 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 8846 To provide tax relief with respect to certain Federal disasters relating to severe storms, straight-line winds, and tornadoes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 26, 2024 Mr. Nunn of Iowa (for himself, Mrs. Miller-Meeks, Mrs. Hinson, and Mr. Feenstra) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To provide tax relief with respect to certain Federal disasters relating to severe storms, straight-line winds, and tornadoes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Heartland Emergency Assistance Relief from Tax Act of 2024'' or the ``HEART Act of 2024''. SEC. 2. EXTENSION OF RULES FOR TREATMENT OF CERTAIN DISASTER-RELATED PERSONAL CASUALTY LOSSES. For purposes of applying section 304(b) of the Taxpayer Certai…