H.R.4035: Economic Relief for Gulf Coast Families and Businesses Act

About This Bill

  • This bill was introduced in the 109th Congress
  • This bill is primarily about emergency management
  • Introduced Oct. 7, 2005
  • Latest Major Action Oct. 7, 2005

Bill Cosponsors

2 (All Republicans)

Bill Summary

Economic Relief for Gulf Coast Families and Businesses Act - Amends the Internal Revenue Code to: (1) exclude from gross income gain from the sale or exchange of Hurricane Katrina Zone assets held for more than five years; and (2) allow reduced estate tax rates for Hurricane Katrina victims. Includes as such assets: (1) Katrina Zone business stock or principal interests issued after August 28, 2005, and acquired by the taxpayer before January...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Oct. 7, 2005

Introduced in the House by Scott Garrett (R-N.J.)

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