HR 9135 · 94th Congress · Disaster insurance

A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of the cancellation of certain Federal loans made to individuals in the case of certain disasters.

Introduced 1975-07-31· Sponsored by Rep. Schneebeli, Herman T. [R-PA-17]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-07-31)

Plain Language Summary

[AI summary unavailable — showing source text] Provides, in the case of cancellations of Federal disaster assistance loans made to individuals, that such cancellations shall be excluded from gross income in the same proportion as $15,000 bears to the individual's adjusted gross income.…

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