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- H.R.3987
H.R.3987: Katrina Economic Opportunity Act
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about emergency management
- Introduced Oct. 6, 2005
- Latest Major Action Oct. 6, 2005
Bill Sponsor
Bill Summary
Katrina Economic Opportunity Act - Amends the Internal Revenue Code to: (1) exclude from gross income gain from the sale or exchange of a Gulf Opportunity Zone asset (business stock, partnership interest, or property in a Hurricane Katrina disaster area) held for more than five years; (2) waive small business asset expensing limits for Gulf Opportunity Zone assets; and (3) qualify Gulf Opportunity Zone investments for the new markets tax credit.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Oct. 6, 2005 |
Introduced in the House by Bobby Jindal (R-La.) |