HR 4558 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954, to permit taxpayers to elect to deduct certain disaster losses in the taxable year immediately succeeding the taxable year in which the disaster occurred.

Introduced 1973-02-21· Sponsored by Rep. Satterfield, David E., III [D-VA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-02-21)

Plain Language Summary

[AI summary unavailable — showing source text] Permits taxpayers, under the Internal Revenue Code, to elect to deduct disaster losses in the taxable year immediately succeeding the taxable year in which the disaster occurred. (Amends 26 U.S.C. 165 (h))…

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