summary
Introduced
02/28/2019
02/28/2019
In Committee
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, to provide disaster tax relief, and for other purposes. This bill extends certain tax credits and deductions expiring in 2018 and 2019, and provides disaster tax relief, including penalty-free withdrawal of retirement funds for disaster expenses.
AI Summary
This bill extends certain tax credits and deductions expiring in 2018 and 2019, and provides disaster tax relief, including penalty-free withdrawal of retirement funds for disaster expenses. The bill extends provisions related to nonbusiness energy property, fuel cell motor vehicles, alternative fuel refueling property, 2-wheeled plug-in electric vehicles, second generation biofuel, biodiesel and renewable diesel, renewable electricity production, Indian coal facilities, railroad track maintenance, energy efficient homes and commercial buildings, and various other business incentives. It also provides disaster-related tax relief, such as allowing for penalty-free withdrawals from retirement plans, recontributions of withdrawals for home purchases, increased loan limits from qualified plans, and special rules for determining earned income and casualty losses.
Sponsors (2)
Last Action
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 28. (on 03/04/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/617/all-info |
| BillText | https://www.congress.gov/116/bills/s617/BILLS-116s617pcs.pdf |
| Bill | https://www.congress.gov/116/bills/s617/BILLS-116s617pcs.pdf.pdf |
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