I 
110TH CONGRESS 
2D SESSION 
H. R. 6880 
To amend the Internal Revenue Code of 1986 to allow an individual a 
credit against income tax for uncompensated losses from damage to 
such individual’s principal residence by reason of Hurricane Gustav to 
the extent such losses are uncompensated by reason of the deductible 
on the individual’s homeowner’s insurance. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 11, 2008 
Mr. CAZAYOUX introduced the following bill; which was referred to the 
Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to allow an 
individual a credit against income tax for uncompensated 
losses from damage to such individual’s principal resi-
dence by reason of Hurricane Gustav to the extent such 
losses are uncompensated by reason of the deductible 
on the individual’s homeowner’s insurance. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 
1. 
CREDIT 
FOR 
CERTAIN 
UNCOMPENSATED 
LOSSES ON PRINCIPAL RESIDENCES DAM-
AGED BY HURRICANE GUSTAV. 
(a) IN GENERAL.—Subpart A of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
1986 (relating to nonrefundable personal credits) is 
amended by inserting after section 25D the following new 
section: 
‘‘SEC. 25E. CERTAIN UNCOMPENSATED LOSSES ON PRIN-
CIPAL RESIDENCES DAMAGED BY HURRI-
CANE GUSTAV. 
‘‘(a) IN GENERAL.—In the case of an individual, 
there shall be allowed as a credit against the tax imposed 
by this chapter an amount equal to the qualified disaster 
loss sustained by the taxpayer during the taxable year. 
‘‘(b) CREDIT LIMITED TO DEDUCTIBLE ON HOME-
OWNER’S INSURANCE.—The credit allowed by this section 
with respect to any qualified disaster loss shall not exceed 
the excess (if any) of— 
‘‘(1) the amount of such loss for which the tax-
payer was not compensated under the taxpayer’s 
homeowner’s insurance policy solely by reason of the 
deductible under such policy, over 
‘‘(2) the amount described in paragraph (1) 
which is compensated for by the Federal Emergency 
Management Agency. 
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‘‘(c) QUALIFIED DISASTER LOSS.—For purposes of 
this section, the term ‘qualified disaster loss’ means any 
personal casualty loss (as defined in section 165(h)(3)) 
which is attributable to the compulsory or involuntary con-
version of the taxpayer’s principal residence or any of its 
contents as a result Hurricane Gustav in 2008.’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
for such subpart A is amended by inserting after the item 
relating to section 25D the following new item: 
‘‘Sec. 25E. Certain uncompensated losses on principal residences damaged by 
Hurricane Gustav.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to losses sustained during 2008. 
Æ 
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