S.Amdt. 4343

SA 4343. Mr. WEBB (for himself, Mr. Nelson of Florida, and Mr.
Warner) submitted an amendment intended to be proposed to amendment SA
4301 proposed by Mr. Baucus to the bill H.R.

[[Page S4888]]

4213, to amend the Internal Revenue Code of 1986 to extend certain
expiring provisions, and for other purposes; which was ordered to lie
on the table; as follows:

At the end of title VI, insert the following:

SEC. --. GUIDANCE ON TAX TREATMENT OF LOSSES RELATED TO
TAINTED DRYWALL AS CASUALTY LOSS DEDUCTIONS.

Not later than the due date, including extension, for
filing a return of tax for taxable year 2009, the Secretary
of the Treasury shall issue guidance with respect to the
availability of a casualty loss deduction under section
165(c)(3) of the Internal Revenue Code of 1986 for a taxpayer
who has sustained a loss due to defective or tainted drywall,
including drywall imported from China.
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