II 

111TH CONGRESS 

1ST SESSION S. 2928 

To amend the Internal Revenue Code of 1986 to extend certain disaster 

tax relief provisions, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

DECEMBER 23, 2009 

Mr. GRASSLEY introduced the following bill; which was read twice and referred 

to the Committee on Finance 

A BILL 

To amend the Internal Revenue Code of 1986 to extend 

certain disaster tax relief provisions, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Heartland Disaster 

5 Tax Relief Extension Act of 2009’’. 

6 TITLE I—HEARTLAND DISASTER 

7 AREAS 

8 SEC. 101. CREDIT TO HOLDERS OF TAX CREDIT BONDS. 

9 Section 702(d)(7)(C) of the Heartland Disaster Tax 

10 Relief Act of 2008 (Public Law 110–343; 122 Stat. 3918) 


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1 is amended by striking ‘‘January 1, 2010’’ and inserting 

2 ‘‘January 1, 2011’’. 

3 SEC. 102. EDUCATION TAX BENEFITS. 

4 Section 702(d)(8) of the Heartland Disaster Tax Re5 lief Act of 2008 (Public Law 110–343; 122 Stat. 3918) 

6 is amended by striking ‘‘or 2009’’ and inserting ‘‘2009, 

7 or 2010’’. 

8 SEC. 103. SPECIAL RULES FOR USE OF RETIREMENT 

9 FUNDS. 

10 Section 702(d)(10) of the Heartland Disaster Tax 

11 Relief Act of 2008 (Public Law 110–343; 122 Stat. 3918) 

12 is amended— 

13 (1) by striking ‘‘January 1, 2010’’ both places 

14 it appears and inserting ‘‘January 1, 2011’’, and 

15 (2) by striking ‘‘December 31, 2009’’ both 

16 places it appears and inserting ‘‘December 31, 

17 2010’’. 

18 SEC. 104. ADJUSTMENTS REGARDING TAXPAYER AND DE19 PENDENCY STATUS. 

20 Section 702(d)(15) of the Heartland Disaster Tax 

21 Relief Act of 2008 (Public Law 110–343; 122 Stat. 3918) 

22 is amended by striking ‘‘or 2009’’ and inserting ‘‘2009, 

23 or 2010’’. 


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1 SEC. 105. EFFECTIVE DATE. 

2 The amendments made by this title shall take effect 

3 as if included in the enactment of section 702 of the 

4 Heartland Disaster Tax Relief Act of 2008. 

5 TITLE II—NATIONAL DISASTER 

6 AREAS 

7 SEC. 201. LOSSES ATTRIBUTABLE TO FEDERALLY DE8 CLARED DISASTERS. 

9 (a) NO LIMIT FOR 2010.—Paragraph (1) of section 

10 165(h) of the Internal Revenue Code of 1986 is amended 

11 by striking ‘‘$500 ($100 for taxable years beginning after 

12 December 31, 2009)’’ and inserting ‘‘$100 ($0 for taxable 

13 years beginning after December 31, 2009, and before Jan14 uary 1, 2011)’’. 

15 (b) EFFECTIVE DATE.—The amendment made by 

16 this section shall apply to taxable years beginning after 

17 December 31, 2009. 

18 SEC. 202. EXPENSING OF QUALIFIED DISASTER EXPENSES. 

19 (a) IN GENERAL.—Subparagraph (A) of section 

20 198A(b)(2) of the Internal Revenue Code of 1986 is 

21 amended by striking ‘‘January 1, 2010’’ and inserting 

22 ‘‘January 1, 2011’’. 

23 (b) EFFECTIVE DATE.—The amendment made by 

24 this section shall apply to disasters occurring after Decem25 ber 31, 2009. 


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1 SEC. 203. NET OPERATING LOSSES ATTRIBUTABLE TO FED2 ERALLY DECLARED DISASTERS. 

3 (a) IN GENERAL.—Subclause (I) of section 

4 172(j)(1)(A)(i) of the Internal Revenue Code of 1986 is 

5 amended by striking ‘‘January 1, 2010’’ and inserting 

6 ‘‘January 1, 2011’’. 

7 (b) EFFECTIVE DATE.—The amendment made by 

8 this section shall apply to disasters occurring after Decem9 ber 31, 2009. 

10 SEC. 204. WAIVER OF CERTAIN MORTGAGE REVENUE BOND 

11 REQUIREMENTS. 

12 (a) IN GENERAL.—Paragraph (11) of section 143(k) 

13 of the Internal Revenue Code of 1986 is amended by strik14 ing ‘‘January 1, 2010’’ and inserting ‘‘January 1, 2011’’. 

15 (b) EFFECTIVE DATE.—The amendment made by 

16 this section shall apply to bonds issued after December 

17 31, 2009. 

18 SEC. 205. SPECIAL DEPRECIATION ALLOWANCE FOR QUALI19 FIED DISASTER PROPERTY. 

20 (a) IN GENERAL.—Subclause (I) of section 

21 168(n)(2)(A)(ii) of the Internal Revenue Code of 1986 is 

22 amended by striking ‘‘January 1, 2010’’ and inserting 

23 ‘‘January 1, 2011’’. 


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1 (b) EFFECTIVE DATE.—The amendment made by 

2 this section shall apply to disasters occurring after Decem3 ber 31, 2009. 

Æ 


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