2008 House Bill 6490

Authorize disaster area income tax deduction

Introduced in the House

Sept. 18, 2008

Introduced by Rep. Fulton Sheen (R-88)

To authorize an income tax deduction equal to 10 percent of the value of a loss attributable to a federally-declared disaster, to the extent the loss is not covered by the taxpayer’s insurance or other source.

Referred to the Committee on Tax Policy