HR 6063 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide that the discharge of disaster relief loans by the United States shall not constitute income to the taxpayer and shall not reduce the amount of any casualty loss deduction.

Introduced 1975-04-16· Sponsored by Rep. Hastings, James F. [R-NY-39]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-04-16)

Plain Language Summary

[AI summary unavailable — showing source text] Provides that the discharge of disaster relief loans by the United States issued pursuant to the Disaster Relief Act of 1970 shall not constitute income to the taxpayer and shall not reduce the amount of any casualty loss deduction under the Internal Revenue Code of 1954.…

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