eastern disaster areas within the State’’ 
for ‘‘before August 28, 2005’’, and 
(D) determined without regard to para-
graphs (2), (3), (4), (5), and (6) thereof. 
(4) EXPENSING FOR CERTAIN DEMOLITION AND 
CLEAN-UP COSTS.—Section 1400N(f)— 
(A) by substituting ‘‘qualified Disaster Re-
covery Assistance clean-up cost’’ for ‘‘qualified 
Gulf Opportunity Zone clean-up cost’’ each 
place it appears, 
(B) by substituting ‘‘beginning on the ap-
plicable disaster date and ending on December 
31, 2013’’ for ‘‘beginning on August 28, 2005, 
and ending on December 31, 2007’’ in para-
graph (2), and 
(C) by treating costs as qualified Disaster 
Recovery Assistance clean-up costs only if the 
removal of debris or demolition of any structure 
was necessary due to damage attributable to 
the severe storms, tornados, or flooding giving 
rise to any Presidential declaration described in 
subsection (b)(1)(A). 
(5) SPECIAL RULES FOR SMALL TIMBER PRO-
DUCERS.—Section 1400N(i)— 
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(A) by substituting ‘‘the applicable disaster 
date’’ for ‘‘August 28, 2005’’ in paragraphs 
(4)(B)(i)(I) and (5)(A)(i)(I), 
(B) by disregarding subclauses (II) and 
(III) of paragraphs (4)(B)(i) and (5)(A)(i), 
(C) by substituting ‘‘January 1, 2014’’ for 
‘‘January 1, 2008’’ in paragraph (5)(A)(ii)(I), 
and 
(D) by substituting ‘‘January 1, 2014’’ for 
‘‘January 1, 2007’’ in paragraph (5)(A)(ii)(I). 
(6) SPECIAL RULE FOR PUBLIC UTILITY CAS-
UALTY LOSSES.—Section 1400N(j), by substituting 
‘‘Southeastern disaster area’’ for ‘‘Gulf Opportunity 
Zone’’ each place it appears. 
(7) TREATMENT OF NET OPERATING LOSSES 
ATTRIBUTABLE
TO
DISASTER
LOSSES.—Section 
1400N(k)— 
(A) by substituting ‘‘qualified Disaster Re-
covery Assistance loss’’ for ‘‘qualified Gulf Op-
portunity Zone loss’’ each place it appears, 
(B) by substituting ‘‘after the day before 
the applicable disaster date, and before January 
1, 2014’’ for ‘‘after August 27, 2005, and be-
fore January 1, 2008’’ each place it appears, 
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(C) by substituting ‘‘the applicable disaster 
date’’ for ‘‘August 28, 2005’’ in paragraph 
(2)(B)(ii)(I), 
(D) by substituting ‘‘qualified Disaster Re-
covery Assistance property’’ for ‘‘qualified Gulf 
Opportunity Zone property’’ in paragraph 
(2)(B)(iv), and 
(E) by substituting ‘‘qualified Disaster Re-
covery Assistance casualty loss’’ for ‘‘qualified 
Gulf Opportunity Zone casualty loss’’ each 
place it appears. 
(8) CREDIT
TO
HOLDERS
OF
TAX
CREDIT 
BONDS.—Section 1400N(l)— 
(A) by substituting ‘‘Southeastern tax 
credit bond’’ for ‘‘Gulf tax credit bond’’ each 
place it appears, 
(B) by substituting ‘‘any State in which a 
Southeastern disaster area is located or any in-
strumentality of the State’’ for ‘‘the State of 
Alabama, Louisiana, or Mississippi’’ in para-
graph (4)(A)(i), 
(C) by substituting ‘‘after December 31, 
2011 and before January 1, 2013’’ for ‘‘after 
December 31, 2005, and before January 1, 
2007’’, 
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(D) by substituting ‘‘shall not exceed 
$100,000,000 for any State with an aggregate 
population located in all Southeastern disaster 
areas within the State of at least 2,000,000, 
$50,000,000 for any State with an aggregate 
population located in all Southeastern disaster 
areas within the State of at least 1,000,000 but 
less than 2,000,000, and zero for any other 
State. The population of a State within any 
area shall be determined on the basis of the 
most recent census estimate of resident popu-
lation released by the Bureau of Census before 
the earliest applicable disaster date for South-
eastern disaster areas within the State.’’ for 
‘‘shall not exceed’’ and all that follows in para-
graph (4)(C), and 
(E) by substituting ‘‘the earliest applicable 
disaster date for Southeastern disaster areas 
within the State’’ for ‘‘August 28, 2005’’ in 
paragraph (5)(A). 
(9) TREATMENT OF PUBLIC UTILITY PROPERTY 
DISASTER
LOSSES.—Section 1400N(o), by sub-
stituting ‘‘Southeastern disaster area’’ for ‘‘Gulf Op-
portunity Zone’’ in paragraph (2)(A). 
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(10) 
EDUCATION
TAX
BENEFITS.—Section 
1400O, by substituting ‘‘2011 or 2012’’ for ‘‘2005 
or 2006’’. 
(11) SPECIAL RULES FOR USE OF RETIREMENT 
FUNDS.—Section 1400Q— 
(A) by substituting ‘‘qualified Disaster Re-
covery Assistance distribution’’ for ‘‘qualified 
hurricane distribution’’ each place it appears, 
(B) by substituting ‘‘on or after the appli-
cable disaster date and before January 1, 
2013’’ for ‘‘on or after August 25, 2005, and 
before 
January 
1, 
2007’’ 
in 
subsection 
(a)(4)(A)(i), 
(C) by substituting ‘‘the applicable disaster 
date’’ for ‘‘August 28, 2005’’ in subsections 
(a)(4)(A)(i) and (c)(3)(B), 
(D) by disregarding clauses (ii) and (iii) of 
subsection (a)(4)(A) thereof, 
(E) by substituting ‘‘qualified storm dam-
age distribution’’ for ‘‘qualified Katrina dis-
tribution’’ each place it appears, 
(F) by substituting ‘‘after the date which 
is 6 months before the applicable disaster date 
and before the date which is the day after the 
applicable disaster date’’ for ‘‘after February 
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28, 2005, and before August 29, 2005’’ in sub-
section (b)(2)(B)(ii), 
(G) by substituting ‘‘the Southeastern dis-
aster area, but not so purchased or constructed 
on account of severe storms, tornados, or flood-
ing giving rise to the designation of the area as 
a disaster area’’ for ‘‘the Hurricane Katrina 
disaster area, but not so purchased or con-
structed on account of Hurricane Katrina’’ in 
subsection (b)(2)(B)(iii), 
(H) by substituting ‘‘beginning on the ap-
plicable disaster date and ending on the date 
which is 5 months after the date of the enact-
ment of the Southeastern Disaster Tax Relief 
Act of 2011’’ for ‘‘beginning on August 25, 
2005, and ending on February 28, 2006’’ in 
subsection (b)(3)(A), 
(I) by substituting ‘‘qualified storm dam-
age 
individual’’ 
for 
‘‘qualified 
Hurricane 
Katrina individual’’ each place it appears, 
(J) by substituting ‘‘December 31, 2012’’ 
for 
‘‘December 
31, 
2006’’ 
in 
subsection 
(c)(2)(A), 
(K) by disregarding subparagraphs (C) 
and (D) of subsection (c)(3) thereof, 
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(L) by substituting ‘‘beginning on the date 
of the enactment of the Southeastern Disaster 
Tax Relief Act of 2011 and ending on Decem-
ber 31, 2012’’ for ‘‘beginning on September 24, 
2005, and ending on December 31, 2006’’ in 
subsection (c)(4)(A)(i), 
(M) by substituting ‘‘the applicable dis-
aster date’’ for ‘‘August 25, 2005’’ in sub-
section (c)(4)(A)(ii), and 
(N) by substituting ‘‘January 1, 2013’’ for 
‘‘January 1, 2007’’ in subsection (d)(2)(A)(ii). 
(12) EMPLOYEE RETENTION CREDIT FOR EM-
PLOYERS
AFFECTED
BY
SEVERE
STORMS, TOR-
NADOS, AND FLOODING.—Section 1400R(a)— 
(A) 
by 
substituting 
‘‘$23,400’’ 
for 
‘‘$6,000’’ in paragraph (1), 
(B) by substituting ‘‘the applicable disaster 
date’’ for ‘‘August 28, 2005’’ each place it ap-
pears, 
(C) by substituting ‘‘January 1, 2012’’ for 
‘‘January 1, 2006’’ both places it appears, and 
(D) only with respect to eligible employers 
who employed an average of not more than 200 
employees on business days during the taxable 
year before the applicable disaster date. 
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