SEC. 9. SENSE OF CONGRESS REGARDING DISASTER LOAN 
PROCESSING. 
It is the sense of Congress that the Administrator 
of the Small Business Administration should use district 
offices of the Administration whenever possible to expedite 
the processing of disaster loans under section 7(b) of the 
Small Business Act (15 U.S.C. 636(b)). 
SEC. 10. SMALL BUSINESS DEVELOPMENT CENTER PORT-
ABILITY GRANTS. 
Section 21(a)(4)(C)(viii) of the Small Business Act 
(15 U.S.C. 648(a)(4)(C)(viii)) is amended— 
(1) in the first sentence, by striking ‘‘as a re-
sult of a business or government facility down sizing 
or closing, which has resulted in the loss of jobs or 
small business instability’’ and inserting ‘‘due to 
events that have resulted or will result in a business 
or government facility downsizing or closing’’; and 
(2) by adding at the end the following: ‘‘At the 
discretion of the Administrator, the Administrator 
may make an award greater than $100,000 to a re-
cipient to accommodate extraordinary occurrences 
having a catastrophic impact on the small business 
concerns in a community.’’. 
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SEC. 11. DISASTER ASSISTANCE TO CRITICAL ENTER-
PRISES. 
Section 237 of the Disaster Relief Act of 1970 (15 
U.S.C. 636d) is amended— 
(1) by redesignating subsection (b) as sub-
section (c); and 
(2) in subsection (a)— 
(A) by striking ‘‘Farmers Home Adminis-
tration’’ and inserting ‘‘Farm Service Agency’’; 
(B) by striking ‘‘major disaster’’ and in-
serting ‘‘major disaster or is vital to recovery 
efforts in the disaster area (including providing 
debris removal services, manufactured housing, 
gasoline, telecommunications, or building mate-
rials),’’; and 
(C) by striking ‘‘Loans authorized’’ and all 
that follows through ‘‘pursuant thereto.’’ and 
inserting the following: 
‘‘(b) TERMS
AND CONDITIONS.—Notwithstanding 
any other provision of law, loans authorized by this sec-
tion— 
‘‘(1) shall be made without regard to limitations 
on the size of loans which may otherwise be imposed 
by any other provision of law or regulations promul-
gated pursuant thereto; and 
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‘‘(2) may waive any required evaluation of cred-
itworthiness in exchange for a fee, as set by the 
Small Business Administration or the Farm Service 
Agency, as applicable.’’. 
SEC. 12. CREDIT FOR QUALIFIED WILDFIRE MITIGATION 
EXPENDITURES. 
(a) IN GENERAL.—Subpart B of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
1986 is amended by inserting after section 27 the fol-
lowing new section: 
‘‘SEC. 28. QUALIFIED WILDFIRE MITIGATION EXPENDI-
TURES. 
‘‘(a) IN GENERAL.—There shall be allowed as a cred-
it against the tax imposed by this chapter for the taxable 
year an amount equal to 30 percent of the qualified wild-
fire mitigation expenditures paid or incurred by the tax-
payer during such taxable year with respect to real prop-
erty owned or leased by the taxpayer. 
‘‘(b) QUALIFIED WILDFIRE MITIGATION EXPENDI-
TURES.—For purposes of this section— 
‘‘(1) IN GENERAL.—The term ‘qualified wildfire 
mitigation expenditures’ means any specified wildfire 
mitigation expenditure made pursuant to a qualified 
State wildfire mitigation program of a State which 
requires expenditures for wildfire mitigation to be 
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paid both by the taxpayer and such State. Such 
term shall not include any item of expenditure un-
less the ratio of the State’s expenditure for such 
item to the sum of the State’s and taxpayer’s ex-
penditures for such item is not less than 25 percent. 
‘‘(2) SPECIFIED
WILDFIRE
MITIGATION
EX-
PENDITURE.—The term ‘specified wildfire mitigation 
expenditure’ means, with respect to any real prop-
erty owned or leased by the taxpayer, any amount 
paid or incurred to reduce the risk of wildfire by re-
moving accumulations of vegetation (including estab-
lishing, expanding, or maintaining fuel breaks to 
serve as fire breaks) on such real property. 
‘‘(3) QUALIFIED STATE WILDFIRE MITIGATION 
PROGRAM.—The term ‘qualified State wildfire miti-
gation program’ means any program of a State the 
primary purpose of which is to mitigate the risk of 
wildfires in such State. 
‘‘(4) TREATMENT OF REIMBURSEMENTS.—Any 
amount originally paid or incurred by the taxpayer 
which is reimbursed by a State under a qualified 
wildfire mitigation program of such State shall be 
treated as paid by such State (and not by such tax-
payer). 
‘‘(c) APPLICATION WITH OTHER CREDITS.— 
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‘‘(1) BUSINESS CREDIT TREATED AS PART OF 
GENERAL BUSINESS CREDIT.—So much of the credit 
which would be allowed under subsection (a) for any 
taxable year (determined without regard to this sub-
section) that is attributable to expenditures made in 
the ordinary course of the taxpayer’s trade or busi-
ness (or, in the case of expenditures made by a 
State, would have been expenditures made in the or-
dinary course of the taxpayer’s trade or business if 
made by the taxpayer) shall be treated as a credit 
listed in section 38(b) for taxable year (and not al-
lowed under subsection (a)). 
‘‘(2) PERSONAL CREDIT.—For purposes of this 
title, the credit allowed under subsection (a) for any 
taxable year (determined after application of para-
graph (1)) shall be treated as a credit allowable 
under subpart A for such taxable year. 
‘‘(d) REDUCTION OF CREDIT PERCENTAGE WHERE 
TAXPAYER EXPENDITURES LESS THAN 30 PERCENT.— 
‘‘(1) IN GENERAL.—If the expenditure percent-
age with respect to any item of qualified wildfire 
mitigation expenditure is less than 30 percent, sub-
section (a) shall be applied by substituting ‘the ex-
penditure percentage’ for ‘30 percent’ with respect 
to such item of expenditure. 
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‘‘(2) EXPENDITURE
PERCENTAGE.—For pur-
poses of this section, the term ‘expenditure percent-
age’ means, with respect to any item of qualified 
wildfire mitigation expenditure any portion of which 
is paid or incurred by a State, the ratio (expressed 
as a percentage) of— 
‘‘(A) the taxpayer’s expenditure for such 
item, divided by 
‘‘(B) the sum of the taxpayer’s and such 
State’s expenditures for such item. 
‘‘(e) SPECIAL RULES.— 
‘‘(1) TREATMENT OF EXPENDITURES RELATED 
TO MARKETABLE TIMBER.—An expenditure shall not 
be taken into account for purposes of this section 
(whether made by the taxpayer or a State pursuant 
to a qualified State wildfire mitigation program of 
such State) if such expenditure is properly allocable 
to timber which is sold or exchanged by the tax-
payer. The preceding sentence shall not apply to the 
extent that such amount exceeds the gain on such 
sale or exchange. 
‘‘(2) BASIS REDUCTION.—For purposes of this 
subtitle, if the basis of any property would (but for 
this paragraph) be determined by taking into ac-
count any qualified wildfire mitigation expenditure, 
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‘‘(35) to the extent provided in section 
28(e)(2),’’. 
(3) The table of sections for subpart B of part 
IV of subchapter A of chapter 1 of such Code is 
amended by inserting after the item relating to sec-
tion 27 the following new item: 
‘‘Sec. 28. Qualified wildfire mitigation expenditures.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to expenditures paid or incurred 
after the date of the enactment of this Act, in taxable 
years ending after such date. 
Æ 
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