HR 7134 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow a disaster loss deduction with respect to a taxpayer's residence for losses which occur where the taxpayer is ordered to demolish or relocate such residence because of the danger of mudslides, earthslides, or flooding.

Introduced 1982-09-16· Sponsored by Rep. Panetta, Leon [D-CA-16]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1982-09-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow taxpayers a disaster loss deduction if the taxpayer is ordered by the State to demolish his residence or relocate because of the dangers of mudslides, earthslides, or flooding.…

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