,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #cjbe  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,augu/ #b1 #bjac ,mr4 
,gibson introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to increase ! am\nt ( !  
l[-income h\s+ cr$it t may be allocat$ 9
 ,/ates damag$ 9 #bjaa by ,hurricane    
,ir5e or ,tropical ,/orm ,lee4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,ir5e & ,lee ,tax ,relief ,/orm ,recov]y
 ,act ( #bjac4  #b4 ,additional         
l[-income h\s+ cr$it may be allocat$ 9  
,/ates damag$ 9 #bjaa by ,hurricane     
,ir5e or ,tropical ,/orm ,lee  7a7 ,9   
g5]al ,p>agraph 7#c7 ( section #db7;h7 (
 ! ,int]nal ,rev5ue ,code ( #aihf       
7relat+ to limitation on aggregate cr$it
 all[able ) respect to projects locat$ 9
 a ,/ate7 is am5d$ by add+ at ! end !   
foll[+ new subp>agraph3  7,j7 ,increase 
9 /ate h\s+ cr$it = /ates damag$ 9 #bjaa
 by hurricane ir5e or tropical /orm lee 
7i7 ,9 g5]al ,9 ! case ( cal5d> ye>s    

#bjac1 #bjad1 & #bjae1 ! ,/ate h\s+     
cr$it ceil+ ( ea* ,/ate any portion (   
:i* includes any portion ( ! ,ir5e-,lee 
disa/] area %all be increas$ by ! less] 
(--  7,i7 ! aggregate h\s+ cr$it doll>  
am\nt allocat$ by ! ,/ate h\s+ cr$it    
ag5cy ( su* ,/ate = su* cal5d> ye> to   
build+s locat$ 9 su* disa/] area1 or    
7,,ii7 ! applicable limitation1 r$uc$ by
 ! aggregate increase "u ?is clause =   
all prior cal5d> ye>s4  7ii7 ,applicable
 limitation ,= purposes ( clause 7i71 ! 
applicable limitation is ! less] (--    
7,i7 #b4ae multipli$ by ! population ( !
 area describ$ 9 clause 7vii77,i71 or   
7,,ii7 #ej p]c5t ( ! ,/ate h\s+ cr$it   
ceil+ 7det]m9$ )\t reg>d to ?is         
subp>agraph7 = #bjac4  7iii7            
,allocations treat$ z made fir/ f       
additional allocation am\nt = purposes (
 det]m9+ c>ryov] ,= purposes ( det]m9+ !
 unus$ ,/ate h\s+ cr$it ceil+ "u        
subp>agraph 7,c7 = any cal5d> ye>1 any  
increase 9 ! ,/ate h\s+ cr$it ceil+ "u  
clause 7i7 %all be treat$ z an am\nt    

describ$ 9 clause 7ii7 ( su*            
subp>agraph4  7iv7 ,difficult developm5t
 area  7,i7 ,9 g5]al ,9 ! case ( prop]ty
 plac$ 9 s]vice dur+ #bjac1 #bjad1 or   
#bjae1 ! ,ir5e-,lee disa/] area %all be 
treat$ z a difficult developm5t area    
designat$ "u subclause 7,i7 ( subsection
 7d77#e77;,b77iii71 & %all n be tak5    
into acc\nt = purposes ( apply+ !       
limitation "u subclause 7,,ii7 ( su*    
subsection4  7,,ii7 ,application (      
clause ,clause 7i7 %all apply only to-- 
7aa7 h\s+ cr$it doll> am\nts allocat$   
dur+ #bjac1 #bjad1 or #bjae1 &  7bb7 to 
! ext5t t p>agraph 7#a7 does n apply to 
any build+ by reason ( p>agraph 7#d71   
only ) respect to bonds issu$ aft]      
,decemb] #ca1 #bjab4  7v7 ,special rule 
= apply+ income te/s ,9 ! case ( prop]ty
 plac$ 9 s]vice aft] #bjab & be=e #bjbj 
9 a nonmetropolitan area 7z def9$ 9     
subsection 7d77#e77;,b77iv77,,iv77 )9 ! 
,ir5e-,lee disa/] area1 ?is section %all
 be appli$ by sub/itut+ national        
nonmetropolitan m$ian gross income      

7det]m9$ "u rules simil> to ! rules (   
section #adb7;d77#b77;,b77 = area m$ian 
gross income 9 subp>agraphs 7,a7 & 7,b7 
( subsection 7g77#a74  7vi7 ,"t = mak+  
l[-income h\s+ cr$it allocations        
,p>agraph 7#a77;,b7 %all n apply to an  
allocation ( h\s+ cr$it doll> am\nt to a
 build+ locat$ 9 ! ,ir5e-,lee disa/]    
area if su* allocation is made 9 #bjac1 
#bjad1 or #bjae1 & su* build+ is plac$ 9
 s]vice be=e ,janu>y #a1 #bjai4  7vii7  
,ir5e-lee disa/] area ,= purposes ( ?is 
subp>agraph1 ! t]m ,ir5e-,lee disa/]    
area means--  7,i7 ea* c\nty includ$ 9 !
 geographical area cov]$ by a qualify+  
natural disa/] decl>ation1 &  7,,ii7 ea*
 c\nty contigu\s to a c\nty describ$ 9  
subclause 7,i74  7viii7 ,qualify+       
natural disa/] decl>ation ,= purposes ( 
clause 7vii71 ! t]m qualify+ natural    
disa/] decl>ation means--  7,i7 a       
natural disa/] decl>$ by ! ,secret>y (  
,agriculture 9 #bjaa due to damag+ wea!r
 & o!r conditions relat+ to ,hurricane  
,ir5e or ,tropical ,/orm ,lee "u section

 #cba7;a7 ( ! ,consolidat$ ,f>m & ,rural
 ,developm5t ,act 7#g ,u4,s4,c4         
#aifa7;a771 or  7,,ii7 a major disa/] or
 em]g5cy designat$ by ! ,presid5t 9     
#bjaa due to damag+ wea!r & o!r         
conditions relat+ to ,hurricane ,ir5e or
 ,tropical ,/orm ,lee "u ! ,rob]t ,t4   
,/af=d ,disa/] ,relief & ,em]g5cy       
,assi/ance ,act 7#db ,u4,s4,c4 #eaba et 
seq474  4  7b7 ,effective date ,!       
am5dm5t made by ?is section %all take   
effect on ! date ( ! enactm5t ( ?is     
,act4