,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #hhdf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #bf1 #bjbd,mr4  
,nunn ( ,i[a 7= himself1 ,mrs4          
,mill]-,meeks1 ,mrs4 ,h9son1 & ,mr4     
,fe5/ra7 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to provide tax relief )   
respect to c]ta9 ,f$]al disa/]s relat+  
to sev]e /orms1 /raight-l9e w9ds1 &     
tornadoes4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,he>tl& ,em]g5cy        
,assi/ance ,relief f ,tax ,act ( #bjbd  
or ! ,,he>t ,act ( #bjbd4  #b4 ,ext5sion
 ( rules = treatm5t ( c]ta9             
disa/]-relat$ p]sonal casualty losses ,=
 purposes ( apply+ section #cjd7;b7 ( ! 
,taxpay] ,c]ta9ty & ,disa/] ,tax ,relief
 ,act ( #bjbj1 section #cja ( su* ,act  
%all be appli$ by sub/itut+ ! ,,he>t    
,act ( #bjbd = ?is ,act ea* place x     
appe>s4  #c4 ,exclusion f gross income =
 comp5sation = losses or damages result+
 f c]ta9 sev]e /orms1 /raight-l9e w9ds1 
& tornadoes  7a7 ,9 g5]al ,"p ,,iii (   

sub*apt] ,b ( *apt] #a ( su* ,code is   
am5d$ by ins]t+ aft] section #aci;,i !  
foll[+ new section3  #aci;,j4           
,comp5sation = losses or damages result+
 f c]ta9 sev]e /orms1 /raight-l9e w9ds1 
& tornadoes  7a7 ,9 g5]al ,gross income 
%all n include any am\nt receiv$ by an  
individual z a qualifi$ sev]e /orms1    
/raight-l9e w9ds1 & tornadoes relief    
paym5t4  7b7 ,qualifi$ sev]e /orms1     
/raight-,l9e w9ds1 & tornadoes relief   
paym5t ,= purposes ( ?is section-- 7#a7 
,9 g5]al ,! t]m qualifi$ sev]e /orms1   
/raight-l9e w9ds1 & tornadoes relief    
paym5t means any am\nt receiv$ by or on 
behalf ( an individual z comp5sation =  
losses1 exp5ses1 or damages 7includ+    
comp5sation = additional liv+ exp5ses1  
lo/ wages 7o!r ?an comp5sation = lo/    
wages paid by ! employ] :i* w\ld h      
o!rwise paid su* wages71 p]sonal injury1
 dea?1 or emotional di/ress7 incurr$ z a
 result ( a qualifi$ sev]e /orms1       
/raight-l9e w9ds1 or tornadoes disa/]1 b
 only to ! ext5t ! losses1 exp5ses1 or  

damages comp5sat$ by su* paym5t are n   
comp5sat$ = by insurance or o!rwise4    
7#b7 ,qualifi$ sev]e /orms1 /raight l9e 
w9ds1 or tornadoes disa/] ,! t]m        
qualifi$ sev]e /orms1 /raight l9es1 or  
tornado disa/] means any f$]ally decl>$ 
disa/] 7z def9$ 9 section               
#afe7;i77#e77;,a7 ( ! ,int]nal ,rev5ue  
,code ( #aihf7 decl>$1 aft] ,decemb]    
#ca1 #bjbc1 z a result sev]e /orms1     
/raight-l9e w9ds1 or tornadoes4  7c7    
,d5ial ( d\ble b5efit ,not)/&+ any o!r  
provision ( ?is *apt]-- 7#a7 no d$uction
 or cr$it %all be all[$ 7to ! p]son = ^:
 b5efit a qualifi$ sev]e /orms1         
/raight-l9e w9ds1 & tornadoes relief    
paym5t is made7 =1 or by reason (1 any  
exp5diture to ! ext5t ( ! am\nt exclud$ 
"u ?is section ) respect to su*         
exp5diture1 &  7#b7 no increase 9 !     
basis or adju/$ basis ( any prop]ty %all
 result f any am\nt exclud$ "u ?is      
subsection ) respect to su* prop]ty4  4 
7b7 ,cl]ical am5dm5t ,! table ( sections
 = "p ,,iii ( sub*apt] ,b ( *apt] #a (  

su* ,code is am5d$ by ins]t+ aft] ! item
 relat+ to section #aci;,i ! foll[+ new 
item3  ,sec4 #aci;,j4 ,comp5sation =    
losses or damages result+ f c]ta9 sev]e 
/orms1 /raight-l9e w9ds1 & tornadoes4  4
  7c7 ,effective date ,! am5dm5ts made  
by ?is section %all apply to am\nts     
receiv$ aft] ,decemb] #ca1 #bjbc4