HR 10509 · 94th Congress · Taxation

A bill to provide certain special rules with respect to the application of the Internal Revenue Code of 1954 to certain flood victims.

Introduced 1975-10-31· Sponsored by Rep. Hechler, Ken [D-WV-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-10-31)

Plain Language Summary

[AI summary unavailable — showing source text] Allows flood victims receiving compensation for flood losses to exclude the amount of such compensation from gross income. States that such taxpayers shall not be required to recompute the tax for a preceding year in which they declared a credit or received a refund on account of such loss.…

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