,,ii ,calendar ,no4 #bh #aafth ,,congress #ast ,session ,s4 #fag ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #bh1 #bjai,mr4 ,grassley 7for himself and ,mr4 ,wyden7 introduced the following bill2 which was read the first time ,march #d1 #bjai,read the second time and placed on the calendar ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to extend certain expiring provisions1 to provide disaster tax relief1 and for other purposes4 #a4 ,short title1 etc 7a7 ,short title ,this ,act may be cited as the ,tax ,extender and ,disaster ,relief ,act of #bjai4 7b7 ,amendment of #aihf ,code ,except as otherwise expressly provided1 whenever in this ,act an amendment or repeal is expressed in terms of an amendment to1 or repeal of1 a section or other provision1 the reference shall be considered to be made to a section or other provision of the ,internal ,revenue ,code of #aihf4 7c7 ,table of contents ,the table of contents of this ,act is as follows3 ,sec4 #a4 ,short title1 etc4 ,,title ,i--,extension of expiring provisions ,subtitle ,a--,provisions expiring in #bjah ,sec4 #aja4 ,nonbusiness energy property4 ,sec4 #ajb4 ,qualified fuel cell motor vehicles4 ,sec4 #ajc4 ,alternative fuel refueling property credit4 ,sec4 #ajd4 #b-wheeled plug-in electric vehicle credit4 ,sec4 #aje4 ,second generation biofuel producer credit4 ,sec4 #ajf4 ,biodiesel and renewable diesel incentives4 ,sec4 #ajg4 ,credit for electricity produced from certain renewable resources4 ,sec4 #ajh4 ,production credit for ,indian coal facilities4 ,sec4 #aji4 ,railroad track maintenance credit4 ,sec4 #aaj4 ,energy efficient homes credit4 ,sec4 #aaa4 ,classification of certain race horses as #c-year property4 ,sec4 #aab4 ,special allowance for second generation biofuel plant property4 ,sec4 #aac4 ,energy efficient commercial buildings deduction4 ,sec4 #aad4 ,election to expense advanced mine safety equipment4 ,sec4 #aae4 ,extension of special rule for sales or dispositions to implement ,,ferc or ,state electric restructuring policy for qualified electric utilities4 ,sec4 #aaf4 ,extension and clarification of excise tax credits relating to alternative fuels4 ,sec4 #aag4 #g-year recovery period for motorsports entertainment complexes4 ,sec4 #aah4 ,accelerated depreciation for business property on ,indian reservation4 ,sec4 #aai4 ,expensing rules for certain productions4 ,sec4 #abj4 ,indian employment credit4 ,sec4 #aba4 ,mine rescue team training credit4 ,sec4 #abb4 ,exclusion from gross income of discharge of qualified principal residence indebtedness4 ,sec4 #abc4 ,treatment of mortgage insurance premiums as qualified residence interest4 ,sec4 #abd4 ,deduction of qualified tuition and related expenses4 ,sec4 #abe4 ,extension of empowerment zone tax incentives4 ,sec4 #abf4 ,american ,samoa economic development credit4 ,subtitle ,b--,provisions expiring in #bjai ,sec4 #aea4 ,temporary reduction in medical expense deduction floor4 ,sec4 #aeb4 ,extension of oil spill liability trust fund rate4 ,sec4 #aec4 ,black lung liability trust fund excise tax4 ,,title ,,ii--,disaster tax relief ,sec4 #bja4 ,definitions4 ,sec4 #bjb4 ,special disaster-related rules for use of retirement funds4 ,sec4 #bjc4 ,employee retention credit for employers affected by qualified disasters4 ,sec4 #bjd4 ,other disaster-related tax relief provisions4 ,sec4 #bje4 ,treatment of certain possessions4 ,i ,extension of expiring provisions ,a ,provisions expiring in #bjah #aja4 ,nonbusiness energy property 7a7 ,in general ,section #be;,c7g77#b7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjag4 #ajb4 ,qualified fuel cell motor vehicles 7a7 ,in general ,section #cj;,b7k77#a7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply to property purchased after ,december #ca1 #bjag4 #ajc4 ,alternative fuel refueling property credit 7a7 ,in general ,section #cj;,c7g7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjag4 #ajd4 #b-wheeled plug-in electric vehicle credit 7a7 ,in general ,section #cj;,d7g77#c77;,e77ii7 is amended by striking ,january #a1 #bjah and inserting ,january #a1 #bjbj4 7b7 ,effective date ,the amendment made by this section shall apply to vehicles acquired after ,december #ca1 #bjag4 #aje4 ,second generation biofuel producer credit 7a7 ,in general ,section #dj7;b77#f77;,j77i7 is amended by striking ,january #a1 #bjah and inserting ,january #a1 #bjbj4 7b7 ,effective date ,the amendment made by this section shall apply to qualified second generation biofuel production after ,december #ca1 #bjag4 #ajf4 ,biodiesel and renewable diesel incentives 7a7 ,income tax credit 7#a7 ,in general ,subsection 7g7 of section #dj;,a is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7#b7 ,effective date ,the amendment made by this subsection shall apply to fuel sold or used after ,december #ca1 #bjag4 7b7 ,excise ,tax ,incentives 7#a7 ,in general ,section #fdbf7;c77#f7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7#b7 ,payments ,section #fdbg7;e77#f77;,b7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7#c7 ,effective date ,the amendments made by this subsection shall apply to fuel sold or used after ,december #ca1 #bjag4 7#d7 ,special rule for #bjah ,notwithstanding any other provision of law1 in the case of any biodiesel mixture credit properly determined under section #fdbf7;c7 of the ,internal ,revenue ,code of #aihf for the period beginning on ,january #a1 #bjah1 and ending on ,december #ca1 #bjah1 such credit shall be allowed1 and any refund or payment attributable to such credit 7including any payment under section #fdbg7;e7 of such ,code7 shall be made1 only in such manner as the ,secretary of the ,treasury 7or the ,secretary's delegate7 shall provide4 ,such ,secretary shall issue guidance within #cj days after the date of the enactment of this ,act providing for a one-time submission of claims covering periods described in the preceding sentence4 ,such guidance shall provide for a #ahj-;day period for the submission of such claims 7in such manner as prescribed by such ,secretary7 to begin not later than #cj days after such guidance is issued4 ,such claims shall be paid by such ,secretary not later than #fj days after receipt4 ,if such ,secretary has not paid pursuant to a claim filed under this subsection within #fj days after the date of the filing of such claim1 the claim shall be paid with interest from such date determined by using the overpayment rate and method under section #ffba of such ,code4 #ajg4 ,credit for electricity produced from certain renewable resources 7a7 ,in general ,the following provisions of section #de7;d7 are each amended by striking ,january #a1 #bjah each place it appears and inserting ,january #a1 #bjbj3 7#a7 ,paragraph 7#b77;,a74 7#b7 ,paragraph 7#c77;,a74 7#c7 ,paragraph 7#d77;,b74 7#d7 ,paragraph 7#f74 7#e7 ,paragraph 7#g74 7#f7 ,paragraph 7#i74 7#g7 ,paragraph 7#aa77;,b74 7b7 ,extension of election to treat qualified facilities as energy property ,section #dh7;a77#e77;,c77ii7 is amended by striking before ,january #a1 #bjah 7,january #a1 #bjbj1 in the case of any facility which is described in paragraph 7#a7 of section #de7;d771 and and inserting before-- 7,i7 ,january #a1 #bjbj1 in the case of any facility which is described in paragraph 7#a7 of section #de7;d71 and 7,,ii7 ,january #a1 #bjbj1 in the case of any other facility1 and 4 7c7 ,effective date ,the amendments made by this section shall take effect on ,january #a1 #bjah4 #ajh4 ,production credit for ,indian coal facilities 7a7 ,in general ,section #de7;e77#aj77;,a7 is amended by striking #ab-year period each place it appears and inserting #ad-year period4 7b7 ,effective date ,the amendment made by this section shall apply to coal produced after ,december #ca1 #bjag4 #aji4 ,railroad track maintenance credit 7a7 ,in general ,section #de;,g77f7 is amended by striking ,january #a1 #bjah and inserting ,january #a1 #bjbj4 7b7 ,effective date 7#a7 ,in general ,the amendment made by this section shall apply to expenditures paid or incurred during taxable years beginning after ,december #ca1 #bjag4 7#b7 ,safe harbor assignments ,assignments1 including related expenditures paid or incurred1 under paragraph 7#b7 of section #de;,g7b7 of the ,internal ,revenue ,code of #aihf for any taxable year beginning on or after ,january #a1 #bjah1 and before ,january #a1 #bjai1 shall be treated as effective as of the close of such taxable year if made pursuant to a written agreement entered into no later than #ij days following the date of the enactment of this ,act4 #aaj4 ,energy efficient homes credit 7a7 ,in general ,section #de,l7g7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply to homes acquired after ,december #ca1 #bjag4 #aaa4 ,classification of certain race horses as #c-year property 7a7 ,in general ,section #afh7;e77#c77;,a77i7 is amended-- 7#a7 by striking ,january #a1 #bjah in subclause 7,i7 and inserting ,january #a1 #bjbj1 and 7#b7 by striking ,december #ca1 #bjag in subclause 7,,ii7 and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendments made by this section shall apply to property placed in service after ,december #ca1 #bjag4 #aab4 ,special allowance for second generation biofuel plant property 7a7 ,in general ,section #afh7l77#b77;,d7 is amended by striking ,january #a1 #bjah and inserting ,january #a1 #bjbj4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjag4 #aac4 ,energy efficient commercial buildings deduction 7a7 ,in general ,section #agi;,d7h7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjag4 #aad4 ,election to expense advanced mine safety equipment 7a7 ,in general ,section #agi;,e7g7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjag4 #aae4 ,extension of special rule for sales or dispositions to implement ,,ferc or ,state electric restructuring policy for qualified electric utilities 7a7 ,in general ,section #dea7k77#c7 is amended by striking ,january #a1 #bjah and inserting ,january #a1 #bjbj4 7b7 ,effective date ,the amendment made by this section shall apply to dispositions after ,december #ca1 #bjag4 #aaf4 ,extension and clarification of excise tax credits relating to alternative fuels 7a7 ,extension 7#a7 ,in general ,sections #fdbf7;d77#e7 and #fdbf7;e77#c7 are each amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7#b7 ,outlay payments for alternative fuels ,section #fdbg7;e77#f77;,c7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7#c7 ,effective date ,the amendments made by this section shall apply to fuel sold or used after ,december #ca1 #bjag4 7b7 ,special rule for #bjah ,notwithstanding any other provision of law1 in the case of any alternative fuel credit properly determined under section #fdbf7;d7 of the ,internal ,revenue ,code of #aihf for the period beginning on ,january #a1 #bjah1 and ending on ,december #ca1 #bjah1 such credit shall be allowed1 and any refund or payment attributable to such credit 7including any payment under section #fdbg7;e7 of such ,code7 shall be made1 only in such manner as the ,secretary of the ,treasury 7or the ,secretary's delegate7 shall provide4 ,such ,secretary shall issue guidance within #cj days after the date of the enactment of this ,act providing for a one-time submission of claims covering periods described in the preceding sentence4 ,such guidance shall provide for a #ahj-;day period for the submission of such claims 7in such manner as prescribed by such ,secretary7 to begin not later than #cj days after such guidance is issued4 ,such claims shall be paid by such ,secretary not later than #fj days after receipt4 ,if such ,secretary has not paid pursuant to a claim filed under this subsection within #fj days after the date of the filing of such claim1 the claim shall be paid with interest from such date determined by using the overpayment rate and method under section #ffba of such ,code4 7c7 ,clarification of rules regarding alternative fuel mixture credit 7#a7 ,in general ,paragraph 7#b7 of section #fdbf7;e7 is amended by striking mixture of alternative fuel and inserting mixture of alternative fuel 7other than a fuel described in subparagraph 7,a71 7,c71 or 7,f7 of subsection 7d77#b774 7#b7 ,effective date ,the amendment made by this subsection shall apply to-- 7,a7 fuel sold or used on or after the date of the enactment of this ,act1 and 7,b7 fuel sold or used before such date of enactment1 but only to the extent that credits and claims of credit under section #fdbf7;e7 of the ,internal ,revenue ,code of #aihf with respect to such sale or use have not been paid or allowed as of such date4 #aag4 #g-year recovery period for motorsports entertainment complexes 7a7 ,in general ,section #afh7;i77#ae77;,d7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjag4 #aah4 ,accelerated depreciation for business property on ,indian reservation 7a7 ,in general ,section #afh7;j77#i7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjag4 #aai4 ,expensing rules for certain productions 7a7 ,in general ,section #aha7;g7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply to productions commencing after ,december #ca1 #bjag4 #abj4 ,indian employment credit 7a7 ,in general ,section #de;,a7f7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjag4 #aba4 ,mine rescue team training credit 7a7 ,in general ,section #de,n7e7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjag4 #abb4 ,exclusion from gross income of discharge of qualified principal residence indebtedness 7a7 ,in general ,section #ajh7;a77#a77;,e7 is amended by striking ,january #a1 #bjah each place it appears and inserting ,january #a1 #bjbj4 7b7 ,effective date ,the amendment made by this section shall apply to discharges of indebtedness after ,december #ca1 #bjag4 #abc4 ,treatment of mortgage insurance premiums as qualified residence interest 7a7 ,in general ,section #afc7;h77#c77;,e77iv77,i7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply to amounts paid or accrued after ,december #ca1 #bjag4 #abd4 ,deduction of qualified tuition and related expenses 7a7 ,in general ,section #bbb7;e7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjag4 #abe4 ,extension of empowerment zone tax incentives 7a7 ,in general ,section #acia7;d77#a77;,a77i7 is amended by striking ,december #ca1 #bjag and inserting ,december #ca1 #bjai4 7b7 ,treatment of certain termination dates specified in nominations ,in the case of a designation of an empowerment zone the nomination for which included a termination date which is contemporaneous with the date specified in subparagraph 7,a77i7 of section #acia7;d77#a7 of the ,internal ,revenue ,code of #aihf 7as in effect before the enactment of this ,act71 subparagraph 7,b7 of such section shall not apply with respect to such designation if1 after the date of the enactment of this section1 the entity which made such nomination amends the nomination to provide for a new termination date in such manner as the ,secretary of the ,treasury 7or the ,secretary's designee7 may provide4 7c7 ,effective date ,the amendment made by subsection 7a7 shall apply to taxable years beginning after ,december #ca1 #bjag4 #abf4 ,american ,samoa economic development credit 7a7 ,in general ,section #aai7;d7 of division ,a of the ,tax ,relief and ,health ,care ,act of #bjjf is amended-- 7#a7 by striking ,january #a1 #bjah each place it appears and inserting ,january #a1 #bjbj1 7#b7 by striking first #ab taxable years in paragraph 7#a7 and inserting first #ad taxable years1 7#c7 by striking first #f taxable years in paragraph 7#b7 and inserting first #h taxable years1 and 7#d7 by adding at the end the following flush sentence3 ,in the case of a corporation described in subsection 7a77#b71 the ,internal ,revenue ,code of #aihf shall be applied and administered without regard to the amendments made by section #dja7;d77#a7 of the ,tax ,technical ,corrections ,act of #bjah4 4 7b7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjag4 ,b ,provisions expiring in #bjai #aea4 ,temporary reduction in medical expense deduction floor 7a7 ,in general ,section #bac7;f7 is amended to read as follows3 7f7 ,special rule ,in the case of taxable years beginning before ,january #a1 #bjbj1 subsection 7a7 shall be applied by substituting #g4e percent for #aj percent4 4 7b7 ,alternative minimum tax ,section #ef7;b77#a77;,b7 is amended by striking ,january #a1 #bjai and inserting ,january #a1 #bjbj4 7c7 ,effective date ,the amendments made by this section shall apply to taxable years ending after ,december #ca1 #bjah4 #aeb4 ,extension of oil spill liability trust fund rate 7a7 ,in general ,section #dfaa7;f77#b7 is amended by striking ,december #ca1 #bjah and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply on and after the first day of the first calendar month beginning after the date of the enactment of this ,act4 #aec4 ,black lung liability trust fund excise tax 7a7 ,in general ,section #daba7;e77#b77;,a7 is amended by striking ,december #ca1 #bjah and inserting ,december #ca1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply on and after the first day of the first calendar month beginning after the date of the enactment of this ,act4 ,,ii ,disaster tax relief #bja4 ,definitions ,for purposes of this title-- 7#a7 ,qualified disaster area 7,a7 ,in general ,the term qualified disaster area means any area with respect to which a major disaster was declared after ,january #a1 #bjah1 and before ,march #a1 #bjai1 by the ,president under section #dja of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act if the incident period of the disaster with respect to which such declaration is made begins before ,january #a1 #bjai4 7,b7 ,exception ,such term shall not include the ,california wildfire disaster area 7as defined in section #bjaja of subdivision #b of division ,b of the ,bipartisan ,budget ,act of #bjah74 7#b7 ,qualified disaster zone ,the term qualified disaster zone means that portion of any qualified disaster area which was determined by the ,president after ,january #a1 #bjah1 and before ,march #a1 #bjai1 to warrant individual or individual and public assistance from the ,federal ,government under the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act by reason of the qualified disaster with respect to such disaster area4 7#c7 ,qualified disaster ,the term qualified disaster means1 with respect to any qualified disaster area1 the disaster by reason of which a major disaster was declared with respect to such area4 7#d7 ,incident period ,the term incident period means1 with respect to any qualified disaster1 the period specified by the ,federal ,emergency ,management ,agency as the period during which such disaster occurred 7except that for purposes of this title such period shall not be treated as beginning before ,january #a1 #bjah1 or ending after ,december #ca1 #bjah74 #bjb4 ,special disaster-related rules for use of retirement funds 7a7 ,tax-favored withdrawals from retirement plans 7#a7 ,in general ,section #gb7t7 of the ,internal ,revenue ,code of #aihf shall not apply to any qualified disaster distribution4 7#b7 ,aggregate dollar limitation 7,a7 ,in general ,for purposes of this subsection1 the aggregate amount of distributions received by an individual which may be treated as qualified disaster distributions for any taxable year shall not exceed the excess 7if any7 of-- 7i7 #ajj1jjj1 over 7ii7 the aggregate amounts treated as qualified disaster distributions received by such individual for all prior taxable years4 7,b7 ,treatment of plan distributions ,if a distribution to an individual would 7without regard to subparagraph 7,a77 be a qualified disaster distribution1 a plan shall not be treated as violating any requirement of the ,internal ,revenue ,code of #aihf merely because the plan treats such distribution as a qualified disaster distribution1 unless the aggregate amount of such distributions from all plans maintained by the employer 7and any member of any controlled group which includes the employer7 to such individual exceeds #ajj1jjj4 7,c7 ,controlled group ,for purposes of subparagraph 7,b71 the term controlled group means any group treated as a single employer under subsection 7b71 7c71 7m71 or 7o7 of section #dad of the ,internal ,revenue ,code of #aihf4 7,d7 ,special rule for individuals affected by more than one disaster ,the limitation of subparagraph 7,a7 shall be applied separately with respect to distributions made with respect to each qualified disaster4 7#c7 ,amount distributed may be repaid 7,a7 ,in general ,any individual who receives a qualified disaster distribution may1 at any time during the #c-year period beginning on the day after the date on which such distribution was received1 make #a or more contributions in an aggregate amount not to exceed the amount of such distribution to an eligible retirement plan of which such individual is a beneficiary and to which a rollover contribution of such distribution could be made under section #djb7;c71 #djc7;a77#d71 #djc7;b77#h71 #djh7;d77#c71 or #deg7;e77#af71 of the ,internal ,revenue ,code of #aihf1 as the case may be4 7,b7 ,treatment of repayments of distributions from eligible retirement plans other than ,i,r,as ,for purposes of the ,internal ,revenue ,code of #aihf1 if a contribution is made pursuant to subparagraph 7,a7 with respect to a qualified disaster distribution from an eligible retirement plan other than an individual retirement plan1 then the taxpayer shall1 to the extent of the amount of the contribution1 be treated as having received the qualified disaster distribution in an eligible rollover distribution 7as defined in section #djb7;c77#d7 of such ,code7 and as having transferred the amount to the eligible retirement plan in a direct trustee to trustee transfer within #fj days of the distribution4 7,c7 ,treatment of repayments of distributions from ,i,r,as ,for purposes of the ,internal ,revenue ,code of #aihf1 if a contribution is made pursuant to subparagraph 7,a7 with respect to a qualified disaster distribution from an individual retirement plan 7as defined by section #ggja7;a77#cg7 of such ,code71 then1 to the extent of the amount of the contribution1 the qualified disaster distribution shall be treated as a distribution described in section #djh7;d77#c7 of such ,code and as having been transferred to the eligible retirement plan in a direct trustee to trustee transfer within #fj days of the distribution4 7#d7 ,definitions ,for purposes of this subsection-- 7,a7 ,qualified disaster distribution ,except as provided in paragraph 7#b71 the term qualified disaster distribution means any distribution from an eligible retirement plan made-- 7i7 on or after the first day of the incident period of a qualified disaster and before the date which is #ahj days after the date of the enactment of this ,act1 and 7ii7 to an individual whose principal place of abode at any time during the incident period of such qualified disaster is located in the qualified disaster area with respect to such qualified disaster and who has sustained an economic loss by reason of such qualified disaster4 7,b7 ,eligible retirement plan ,the term eligible retirement plan shall have the meaning given such term by section #djb7;c77#h77;,b7 of the ,internal ,revenue ,code of #aihf4 7#e7 ,income inclusion spread over #c-year period 7,a7 ,in general ,in the case of any qualified disaster distribution1 unless the taxpayer elects not to have this paragraph apply for any taxable year1 any amount required to be included in gross income for such taxable year shall be so included ratably over the #c-taxable-year period beginning with such taxable year4 7,b7 ,special rule ,for purposes of subparagraph 7,a71 rules similar to the rules of subparagraph 7,e7 of section #djh;,a7d77#c7 of the ,internal ,revenue ,code of #aihf shall apply4 7#f7 ,special rules 7,a7 ,exemption of distributions from trustee to trustee transfer and withholding rules ,for purposes of sections #dja7;a77#ca71 #djb7;f71 and #cdje of the ,internal ,revenue ,code of #aihf1 qualified disaster distributions shall not be treated as eligible rollover distributions4 7,b7 ,qualified disaster distributions treated as meeting plan distribution requirements ,for purposes the ,internal ,revenue ,code of #aihf1 a qualified disaster distribution shall be treated as meeting the requirements of sections #dja7k77#b77;,b77i71 #djc7;b77#g77;,a77ii71 #djc7;b77#aa71 and #deg7;d77#a77;,a7 of such ,code4 7b7 ,recontributions of withdrawals for home purchases 7#a7 ,recontributions 7,a7 ,in general ,any individual who received a qualified distribution may1 during the applicable period1 make #a or more contributions in an aggregate amount not to exceed the amount of such qualified distribution to an eligible retirement plan 7as defined in section #djb7;c77#h77;,b7 of the ,internal ,revenue ,code of #aihf7 of which such individual is a beneficiary and to which a rollover contribution of such distribution could be made under section #djb7;c71 #djc7;a77#d71 #djc7;b77#h71 or #djh7;d77#c71 of such ,code1 as the case may be4 7,b7 ,treatment of repayments ,rules similar to the rules of subparagraphs 7,b7 and 7,c7 of subsection 7a77#c7 shall apply for purposes of this subsection4 7#b7 ,qualified distribution ,for purposes of this subsection1 the term qualified distribution means any distribution-- 7,a7 described in section #dja7k77#b77;,b77i77,,iv71 #djc7;b77#g77;,a77ii7 7but only to the extent such distribution relates to financial hardship71 #djc7;b77#aa77;,b71 or #gb7t77#b77;,f71 of the ,internal ,revenue ,code of #aihf1 7,b7 which was to be used to purchase or construct a principal residence in a qualified disaster area1 but which was not so used on account of the qualified disaster with respect to such area1 and 7,c7 which was received during the period beginning on the date which is #ahj days before the first day of the incident period of such qualified disaster and ending on the date which is #cj days after the last day of such incident period4 7#c7 ,applicable period ,for purposes of this subsection1 the term applicable period means1 in the case of a principal residence in a qualified disaster area with respect to any qualified disaster1 the period beginning on the first day of the incident period of such qualified disaster and ending on the date which is #ahj days after the date of the enactment of this ,act4 7c7 ,loans from qualified plans 7#a7 ,increase in limit on loans not treated as distributions ,in the case of any loan from a qualified employer plan 7as defined under section #gb7p77#d7 of the ,internal ,revenue ,code of #aihf7 to a qualified individual made during the #ahj-;day period beginning on the date of the enactment of this ,act-- 7,a7 clause 7i7 of section #gb7p77#b77;,a7 of such ,code shall be applied by substituting #ajj1jjj for #ej1jjj1 and 7,b7 clause 7ii7 of such section shall be applied by substituting the present value of the nonforfeitable accrued benefit of the employee under the plan for one-half of the present value of the nonforfeitable accrued benefit of the employee under the plan4 7#b7 ,delay of repayment ,in the case of a qualified individual 7with respect to any qualified disaster7 with an outstanding loan 7on or after the first day of the incident period of such qualified disaster7 from a qualified employer plan 7as defined in section #gb7p77#d7 of the ,internal ,revenue ,code of #aihf7-- 7,a7 if the due date pursuant to subparagraph 7,b7 or 7,c7 of section #gb7p77#b7 of such ,code for any repayment with respect to such loan occurs during the period beginning on the first day of the incident period of such qualified disaster and ending on the date which is #ahj days after the last day of such incident period1 such due date shall be delayed for #a year 7or1 if later1 until the date which is #ahj days after the date of the enactment of this ,act71 7,b7 any subsequent repayments with respect to any such loan shall be appropriately adjusted to reflect the delay in the due date under subparagraph 7,a7 and any interest accruing during such delay1 and 7,c7 in determining the #e-year period and the term of a loan under subparagraph 7,b7 or 7,c7 of section #gb7p77#b7 of such ,code1 the period described in subparagraph 7,a7 of this paragraph shall be disregarded4 7#c7 ,qualified individual ,for purposes of this subsection1 the term qualified individual means any individual-- 7,a7 whose principal place of abode at any time during the incident period of any qualified disaster is located in the qualified disaster area with respect to such qualified disaster1 and 7,b7 who has sustained an economic loss by reason of such qualified disaster4 7d7 ,provisions relating to plan amendments 7#a7 ,in general ,if this subsection applies to any amendment to any plan or annuity contract1 such plan or contract shall be treated as being operated in accordance with the terms of the plan during the period described in paragraph 7#b77;,b77i74 7#b7 ,amendments to which subsection applies 7,a7 ,in general ,this subsection shall apply to any amendment to any plan or annuity contract which is made-- 7i7 pursuant to any provision of this section1 or pursuant to any regulation issued by the ,secretary or the ,secretary of ,labor under any provision of this section1 and 7ii7 on or before the last day of the first plan year beginning on or after ,january #a1 #bjbj1 or such later date as the ,secretary may prescribe4 ,in the case of a governmental plan 7as defined in section #dad7;d7 of the ,internal ,revenue ,code of #aihf71 clause 7ii7 shall be applied by substituting the date which is #b years after the date otherwise applied under clause 7ii74 7,b7 ,conditions ,this subsection shall not apply to any amendment unless-- 7i7 during the period-- 7,i7 beginning on the date that this section or the regulation described in subparagraph 7,a77i7 takes effect 7or in the case of a plan or contract amendment not required by this section or such regulation1 the effective date specified by the plan71 and 7,,ii7 ending on the date described in subparagraph 7,a77ii7 7or1 if earlier1 the date the plan or contract amendment is adopted71 the plan or contract is operated as if such plan or contract amendment were in effect1 and 7ii7 such plan or contract amendment applies retroactively for such period4 #bjc4 ,employee retention credit for employers affected by qualified disasters 7a7 ,in general ,for purposes of section #ch of the ,internal ,revenue ,code of #aihf1 in the case of an eligible employer1 the #bjah qualified disaster employee retention credit shall be treated as a credit listed at the end of subsection 7b7 of such section4 ,for purposes of this section1 the #bjah qualified disaster employee retention credit for any taxable year is an amount equal to #dj percent of the qualified wages with respect to each eligible employee of such employer for such taxable year4 ,the amount of qualified wages with respect to any employee which may be taken into account under this section by the employer for any taxable year shall not exceed #f1jjj 7reduced by the amount of qualified wages with respect to such employee which may be so taken into account for any prior taxable year74 7b7 ,definitions ,for purposes of this section-- 7#a7 ,eligible employer ,the term eligible employer means any employer-- 7,a7 which conducted an active trade or business in a qualified disaster zone at any time during the incident period of the qualified disaster with respect to such qualified disaster zone1 and 7,b7 with respect to whom the trade or business described in subparagraph 7,a7 is inoperable at any time on or after the first day of the incident period of such qualified disaster1 and before ,january #a1 #bjai1 as a result of damage sustained by reason of such qualified disaster4 7#b7 ,eligible employee ,the term eligible employee means with respect to an eligible employer an employee whose principal place of employment with such eligible employer 7determined immediately before the qualified disaster referred to in paragraph 7#a77 was in the qualified disaster zone referred to in such paragraph4 7#c7 ,qualified wages ,the term qualified wages means wages 7as defined in section #ea7;c77#a7 of the ,internal ,revenue ,code of #aihf1 but without regard to section #ccjf7;b77#b77;,b7 of such ,code7 paid or incurred by an eligible employer with respect to an eligible employee at any time on or after the date on which the trade or business described in paragraph 7#a7 first became inoperable at the principal place of employment of the employee 7determined immediately before the qualified disaster referred to in such paragraph7 and before the earlier of-- 7,a7 the date on which such trade or business has resumed significant operations at such principal place of employment1 or 7,b7 the date which is #aej days after the last day of the incident period of the qualified disaster referred to in paragraph 7#a74 ,such term shall include wages paid without regard to whether the employee performs no services1 performs services at a different place of employment than such principal place of employment1 or performs services at such principal place of employment before significant operations have resumed4 7c7 ,certain rules to apply ,for purposes of this section1 rules similar to the rules of sections #ea7;i77#a71 #eb1 and #bhj;,c7a71 of the ,internal ,revenue ,code of #aihf1 shall apply4 7d7 ,employee not taken into account more than once ,an employee shall not be treated as an eligible employee for purposes of this section for any period with respect to any employer if such employer is allowed a credit under section #ea of the ,internal ,revenue ,code of #aihf with respect to such employee for such period4 #bjd4 ,other disaster-related tax relief provisions 7a7 ,temporary increase in limitation on qualified contributions 7#a7 ,suspension of current limitation ,except as otherwise provided in paragraph 7#b71 qualified contributions shall be disregarded in applying subsections 7b7 and 7d7 of section #agj of the ,internal ,revenue ,code of #aihf4 7#b7 ,application of increased limitation ,for purposes of section #agj of the ,internal ,revenue ,code of #aihf-- 7,a7 ,individuals ,in the case of an individual-- 7i7 ,limitation ,any qualified contribution shall be allowed as a deduction only to the extent that the aggregate of such contributions does not exceed the excess of the taxpayer's contribution base 7as defined in subparagraph 7,h7 of section #agj7;b77#a7 of such ,code7 over the amount of all other charitable contributions allowed under section #agj7;b77#a7 of such ,code4 7ii7 ,carryover ,if the aggregate amount of qualified contributions made in the contribution year 7within the meaning of section #agj7;d77#a7 of such ,code7 exceeds the limitation of clause 7i71 such excess shall be added to the excess described in section #agj7;b77#a77;,g77ii74 7,b7 ,corporations ,in the case of a corporation-- 7i7 ,limitation ,any qualified contribution shall be allowed as a deduction only to the extent that the aggregate of such contributions does not exceed the excess of the taxpayer's taxable income 7as determined under paragraph 7#b7 of section #agj7;b7 of such ,code7 over the amount of all other charitable contributions allowed under such paragraph4 7ii7 ,carryover ,if the aggregate amount of qualified contributions made in the contribution year 7within the meaning of section #agj7;d77#b7 of such ,code7 exceeds the limitation of clause 7i71 such excess shall be appropriately taken into account under section #agj7;d77#b7 subject to the limitations thereof4 7#c7 ,qualified contributions 7,a7 ,in general ,for purposes of this subsection1 the term qualified contribution means any charitable contribution 7as defined in section #agj7;c7 of the ,internal ,revenue ,code of #aihf7 if-- 7i7 such contribution-- 7,i7 is paid during #bjah in cash to an organization described in section #agj7;b77#a77;,a7 of such ,code1 and 7,,ii7 is made for relief efforts in one or more qualified disaster areas1 7ii7 the taxpayer obtains from such organization contemporaneous written acknowledgment 7within the meaning of section #agj7;f77#h7 of such ,code7 that such contribution was used 7or is to be used7 for relief efforts described in clause 7i77,,ii71 and 7iii7 the taxpayer has elected the application of this subsection with respect to such contribution4 7,b7 ,exception ,such term shall not include a contribution by a donor if the contribution is-- 7i7 to an organization described in section #eji7;a77#c7 of the ,internal ,revenue ,code of #aihf1 or 7ii7 for the establishment of a new1 or maintenance of an existing1 donor advised fund 7as defined in section #diff7;d77#b7 of such ,code74 7,c7 ,application of election to partnerships and ,s corporations ,in the case of a partnership or ,s corporation1 the election under subparagraph 7,a77iii7 shall be made separately by each partner or shareholder4 7b7 ,special rules for qualified disaster-related personal casualty losses 7#a7 ,in general ,if an individual has a net disaster loss for any taxable year-- 7,a7 the amount determined under section #afe7;h77#b77;,a77ii7 of the ,internal ,revenue ,code of #aihf shall be equal to the sum of-- 7i7 such net disaster loss1 and 7ii7 so much of the excess referred to in the matter preceding clause 7i7 of section #afe7;h77#b77;,a7 of such ,code 7reduced by the amount in clause 7i7 of this subparagraph7 as exceeds #aj percent of the adjusted gross income of the individual1 7,b7 section #afe7;h77#a7 of such ,code shall be applied by substituting #ejj for #ejj 7#ajj for taxable years beginning after ,december #ca1 #bjji71 7,c7 the standard deduction determined under section #fc7;c7 of such ,code shall be increased by the net disaster loss1 and 7,d7 section #ef7;b77#a77;,e7 of such ,code shall not apply to so much of the standard deduction as is attributable to the increase under subparagraph 7,c7 of this paragraph4 7#b7 ,net disaster loss ,for purposes of this subsection1 the term net disaster loss means the excess of qualified disaster-related personal casualty losses over personal casualty gains 7as defined in section #afe7;h77#c77;,a7 of the ,internal ,revenue ,code of #aihf74 7#c7 ,qualified disaster-related personal casualty losses ,for purposes of this subsection1 the term qualified disaster-related personal casualty losses means losses described in section #afe7;c77#c7 of the ,internal ,revenue ,code of #aihf which arise in a qualified disaster area on or after the first day of the incident period of the qualified disaster to which such area relates1 and which are attributable to such qualified disaster4 7c7 ,special rule for determining earned income 7#a7 ,in general ,in the case of a qualified individual1 if the earned income of the taxpayer for the applicable taxable year is less than the earned income of the taxpayer for the preceding taxable year1 the credits allowed under sections #bd7;d7 and #cb of the ,internal ,revenue ,code of #aihf may1 at the election of the taxpayer1 be determined by substituting-- 7,a7 such earned income for the preceding taxable year1 for 7,b7 such earned income for the applicable taxable year4 7#b7 ,qualified individual ,for purposes of this subsection1 the term qualified individual means any individual whose principal place of abode at any time during the incident period of any qualified disaster was located-- 7,a7 in the qualified disaster zone with respect to such qualified disaster1 or 7,b7 in the qualified disaster area with respect to such qualified disaster 7but outside the qualified disaster zone with respect to such qualified disaster7 and such individual was displaced from such principal place of abode by reason of such qualified disaster4 7#c7 ,applicable taxable year ,the term applicable taxable year means1 with respect to any qualified individual1 any taxable year which includes any portion of the incident period of the qualified disaster to which the qualified disaster area referred to in paragraph 7#b7 relates4 7#d7 ,earned income ,for purposes of this subsection1 the term earned income has the meaning given such term under section #cb7;c7 of the ,internal ,revenue ,code of #aihf4 7#e7 ,special rules 7,a7 ,application to joint returns ,for purposes of paragraph 7#a71 in the case of a joint return for an applicable taxable year-- 7i7 such paragraph shall apply if either spouse is a qualified individual1 and 7ii7 the earned income of the taxpayer for the preceding taxable year shall be the sum of the earned income of each spouse for such preceding taxable year4 7,b7 ,uniform application of election ,any election made under paragraph 7#a7 shall apply with respect to both sections #bd7;d7 and #cb of the ,internal ,revenue ,code of #aihf4 7,c7 ,errors treated as mathematical error ,for purposes of section #fbac of the ,internal ,revenue ,code of #aihf1 an incorrect use on a return of earned income pursuant to paragraph 7#a7 shall be treated as a mathematical or clerical error4 7,d7 ,no effect on determination of gross income1 etc ,except as otherwise provided in this subsection1 the ,internal ,revenue ,code of #aihf shall be applied without regard to any substitution under paragraph 7#a74 #bje4 ,treatment of certain possessions 7a7 ,payments to ,guam and the ,commonwealth of the ,northern ,mariana ,islands ,in the case of ,guam and the ,commonwealth of the ,northern ,mariana ,islands1 the ,secretary of the ,treasury shall pay to each such possession amounts equal to the loss in revenues 7if any7 to that possession by reason of the application of the provisions of this title4 ,such amounts shall be determined by the ,secretary of the ,treasury based on information provided by the government of the respective possession4 7b7 ,payments to ,american ,samoa ,the ,secretary of the ,treasury shall pay to ,american ,samoa amounts estimated by the ,secretary of the ,treasury as being equal to the aggregate benefits 7if any7 that would have been provided to residents of ,american ,samoa by reason of the provisions of this title if ,american ,samoa had in effect a tax system under which the income tax liability of residents of ,american ,samoa were determined by reference to the income tax laws of the ,united ,states4 ,the preceding sentence shall not apply unless ,american ,samoa has a plan1 which has been approved by the ,secretary of the ,treasury1 under which it will promptly distribute such payments to its residents4 7c7 ,treatment of payments ,for purposes of section #acbd of title #ca1 ,united ,states ,code1 the payments under this section shall be treated in the same manner as a refund due from a credit provision referred to in subsection 7b77#b7 of such section4 ,march #d1 #bjai,read the second time and placed on the calendar