H.R. 4205

To extend certain housing-related deadlines in the Heartland Disaster Tax Relief Act of 2008.

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I

111th CONGRESS

1st Session

H. R. 4205

IN THE HOUSE OF REPRESENTATIVES

December 3, 2009

Mr. Loebsack (for himself, Mr. Boswell, Mr. Latham, Mr. Braley of Iowa, and Mr. King of Iowa) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To extend certain housing-related deadlines in the Heartland Disaster Tax Relief Act of 2008.

1.

Extension of special rules for use of retirement funds

Section 702(d)(10) of the Heartland Disaster Tax Relief Act of 2008 (Public Law 110–343; 122 Stat. 3916) is amended—

(1)

by striking January 1, 2010 both places it appears and inserting January 1, 2011, and

(2)

by striking December 31, 2009 both places it appears and inserting December 31, 2010.

2.

Extension of exclusion of certain cancellation of indebtedness income

Section 702(e)(4)(C) of the Heartland Disaster Tax Relief Act of 2008 (Public Law 110–343; 122 Stat. 3918) is amended by striking January 1, 2010 and inserting January 1, 2011.