I
110th CONGRESS
1st Session
H. R. 1445
IN THE HOUSE OF REPRESENTATIVES
March 9, 2007
Mr. Jefferson 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 provide for the exclusion from gross income for amounts paid to individuals pursuant to the Road Home program.
Short title
This Act may be cited as the Tax Free Road Home Act of 2007
.
Exclusion of Road Home program payments from gross income
In general
Subsection (b) of section 139 of the Internal Revenue Code of 1986 (relating to qualified disaster relief payment defined) is amended by striking or
at the end of paragraph (3), by adding or
at the end of paragraph (4), and by inserting after paragraph (4) the following new paragraph:
to rebuild or renew a personal residence pursuant to the Road Home program created by the Louisiana Recovery Authority and funded by the community development block grant programs under title I of the Housing and Community Development Act of 1974 (42 U.S.C. 5301 et seq.),
.
Effective date
The amendment made by this section shall apply to taxable years beginning after December 31, 2005.