,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #adj  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #c1 #bjbe,mr4 
,bu*anan introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to provide tax relief =   
damages relat+ to ,hurricanes ,hel5e &  
,milton4  #a4 ,%ort title2 table (      
cont5ts  7a7 ,%ort title ,?is ,act may  
be cit$ z ! ,hurricane ,hel5e & ,milton 
,tax ,relief ,act ( #bjbe4  7b7 ,table (
 cont5ts  ,sec4 #a4 ,%ort title2 table (
 cont5ts4,sec4 #b4 ,def9itions4,sec4 #c4
 ,e>n$ income cr$it det]m9$ bas$ on     
prec$+ taxable ye> income ) respect to  
qualifi$ hurricane disa/] areas4,sec4   
#d4 ,increas$ limitation on *>itable    
contributions = qualifi$ hurricane      
disa/] relief2 c]ta9 contributions paid 
be=e ,april #ae1 #bjbe1 treat$ z paid 9 
#bjbd4,sec4 #e4 ,special hurricane      
disa/]-relat$ rules = use ( retirem5t   
funds4  #b4 ,def9itions ,= purposes (   
?is ,act-- 7a7 ,eligible individual ,!  
t]m eligible individual means an        

individual ^: pr9cipal place ( abode at 
any "t dur+ ! incid5t p]iod is locat$ 9 
! qualifi$ hurricane disa/] area & :o   
has su/a9$ an economic loss by reason ( 
,hurricane ,hel5e or ,hurricane ,milton4
  7b7 ,qualifi$ hurricane disa/] area ,!
 t]m qualifi$ hurricane disa/] area     
means an area ) respect to :i* a major  
disa/] has be5 decl>$ by ! ,presid5t    
7be=e ! date ( ! enactm5t ( ?is ,act7 "u
 section #dja ( ! ,rob]t ,t4 ,/af=d     
,disa/] ,relief & ,em]g5cy ,assi/ance   
,act by reason ( ,hurricane ,hel5e or   
,hurricane ,milton4  7c7 ,incid5t p]iod 
,! t]m incid5t p]iod means ! p]iod      
beg9n+ on ,septemb] #bh1 #bjbd1 & end+  
on ,novemb] #b1 #bjbd4  #c4 ,e>n$ income
 cr$it det]m9$ bas$ on prec$+ taxable   
ye> income ) respect to qualifi$        
hurricane disa/] areas  7a7 ,9 g5]al ,9 
! case ( an eligible individual1 if !   
e>n$ income ( ! taxpay] = ! applicable  
taxable ye> is less ?an ! e>n$ income ( 
! taxpay] = ! prec$+ taxable ye>1 !     
cr$it all[$ "u section #cb ( ! ,int]nal 

,rev5ue ,code ( #aihf = ! applicable    
taxable ye> may1 at ! election ( !      
taxpay]1 be det]m9$ by sub/itut+-- 7#a7 
su* e>n$ income = ! prec$+ taxable ye>1 
=  7#b7 su* e>n$ income = ! applicable  
taxable ye>4  7b7 ,applicable tax ye> ,=
 purposes ( ?is section1 ! t]m          
applicable taxable ye> means any taxable
 ye> :i* includes any portion ( !       
incid5t p]iod4  7c7 ,e>n$ income ,=     
purposes ( ?is section1 ! t]m e>n$      
income has ! mean+ giv5 su* t]m "u      
section #cb7;c7 ( su* ,code4  7d7       
,special rules  7#a7 ,application to    
jo9t returns ,= purposes ( subsection   
7a71 9 ! case ( a jo9t return = an      
applicable taxable ye>-- 7,a7 su*       
subsection %all apply if ei!r sp\se is  
an eligible individual1 &  7,b7 ! e>n$  
income ( ! taxpay] = ! prec$+ taxable   
ye> %all be ! sum ( ! e>n$ income ( ea* 
sp\se = su* prec$+ taxable ye>4  7#b7   
,errors treat$ z ma!matical error ,=    
purposes ( section #fbac ( su* ,code1 an
 incorrect use on a return ( e>n$ income

 pursuant to subsection 7a7 %all be     
treat$ z a ma!matical or cl]ical error4 
7#c7 ,no effect on det]m9ation ( gross  
income1 etc ,except z o!rwise provid$ 9 
?is section1 su* ,code %all be appli$   
)\t reg>d to any sub/itution "u         
subsection 7a74  7#d7 ,limitation to    
s+le taxable ye> ,no taxpay] may make an
 election "u subsection 7a7 if su*      
taxpay] 7or 9 ! case ( a jo9t return1 ! 
taxpay]'s sp\se7 made su* an election = 
any prec$+ taxable ye>4  #d4 ,increas$  
limitation on *>itable contributions =  
qualifi$ hurricane disa/] relief2 c]ta9 
contributions paid be=e ,april #ae1     
#bjbe1 treat$ z paid 9 #bjbd  7a7       
,qualifi$ hurricane disa/] contributions
  7#a7 ,individuals ,9 ! case ( any     
qualifi$ hurricane disa/] contribution1 
not)/&+ section #agj7;b7 ( su* ,code1 ! 
total am\nt ( su* contributions :i* may 
be tak5 into acc\nt "u section #agj7;a7 
( su* ,code %all n exce$ ! excess (--   
7,a7 ! taxpay]'s contribution base1 ov] 
7,b7 ! am\nt ( all o!r *>itable         

contributions all[able "u section       
#agj7;b77#a7 ( su* ,code4  7#b7 ,c>ryov]
  7,a7 ,9 g5]al ,if ! aggregate am\nt ( 
contributions describ$ 9 p>agraph 7#a7  
exce$s ! limitation "u su* p>agraph1 su*
 excess %all be treat$ 79 a mann]       
consi/5t ) ! rules ( subsection         
#agj7;d77#a7 ( su* ,code7 z a *>itable  
contribution to :i* p>agraph 7#a7       
applies 9 ea* ( ! #e succe$+ ye>s 9 ord]
 ( "t4  7,b7 ,coord9ation ) d$uction =  
*>itable contributions ,= purposes (    
apply+ ?is p>agraph & sections          
#agj7;b77#a77;,g7 & #agj7;d77#a7 ( su*  
,code1 contributions describ$ 9 p>agraph
 7#a7 %all n be treat$ z describ$ 9     
subp>agraph 7,a7 or 7,g7 ( section      
#agj7;b77#a7 ( su* ,code & su*          
subp>agraphs %all be appli$ )\t reg>d to
 su* contributions4  7#c7 ,application (
 election to p>tn]%ips & s corporations 
,9 ! case ( a p>tn]%ip or ,s            
corporation1 ! election "u subsection   
7e77#c77;,a77iii7 %all be made sep>ately
 by ea* p>tn] or %>ehold]4  7b7         

,corporations  7#a7 ,9 g5]al ,9 ! case (
 any qualifi$ hurricane disa/]          
contribution1 not)/&+ section #agj7;b7 (
 su* ,code1 ! total am\nt ( su*         
contributions :i* may be tak5 into      
acc\nt "u section #agj7;a7 ( su* ,code  
%all n exce$ ! excess (-- 7,a7 #bj p]c5t
 ( ! taxpay]'s taxable income1 ov]  7,b7
 ! am\nt ( *>itable contributions all[$ 
"u section #agj7;b77#b77;,a7 ( su*      
,code4  7#b7 ,c>ryov] ,if ! aggregate   
am\nt ( contributions describ$ 9        
p>agraph 7#a7 exce$s ! limitation "u su*
 p>agraph1 su* excess %all be treat$ 79 
a mann] consi/5t ) ! rules ( section    
#agj7;d77#a7 ( su* ,code7 z a *>itable  
contribution to :i* p>agraph 7#a7       
applies 9 ea* ( ! #e succe$+ ye>s 9 ord]
 ( "t4  7#c7 ,coord9ation ) d$uction =  
*>itable contributions ,= purposes (    
apply+ ?is p>agraph & sections          
#agj7;b77#b7 ( su* ,code1 contributions 
describ$ 9 p>agraph 7#a7 %all n be      
treat$ z describ$ 9 subp>agraph 7,a71   
7,b71 or 7,c7 ( section #agj7;b77#b7 (  

su* ,code & su* subp>agraphs %all be    
appli$ )\t reg>d to su* contributions4  
7c7 ,d$uction all[$ above ! l9e ,9 !    
case ( an individual-- 7#a7 ! /&>d      
d$uction o!rwise det]m9$ "u section #fc 
( su* ,code %all be increas$ by s mu* ( 
! d$uction all[$ "u section #agj ( su*  
,code z w\ld n be s all[$ if det]m9$ )\t
 reg>d to ?is section1 &  7#b7 section  
#ef7;b77#a77;,d7 ( su* ,code %all n     
apply to s mu* ( ! /&>d d$uction z is   
attributable to ! increase "u p>agraph  
7#a74  7d7 ,contributions treat$ z made 
9 prior ye> ,= purposes ( ?is section1 a
 taxpay] may treat any qualifi$         
hurricane disa/] contribution :i* is    
paid aft] ,decemb] #ca1 #bjbd1 & on or  
be=e ,april #ae1 #bjbe1 z if su*        
contribution 0 made on ,decemb] #ca1    
#bjbd1 & n 9 #bjbe4  7e7 ,def9itions ,= 
purposes ( ?is section-- 7#a7 ,*>itable 
contribution ,! t]m *>itable            
contribution has ! mean+ giv5 su* t]m 9 
section #agj7;c7 ( su* ,code4  7#b7     
,contribution base ,! t]m contribution  

base has ! mean+ giv5 su* t]m 9 section 
#agj7;b77#a77;,h7 ( su* ,code4  7#c7    
,qualifi$ hurricane disa/] contribution 
7,a7 ,9 g5]al ,! t]m qualifi$ hurricane 
disa/] contribution means any *>itable  
contribution if-- 7i7 su* contribution--
 7,i7 is paid on or aft] ! fir/ day ( ! 
incid5t p]iod & be=e ,decemb] #ca1      
#bjbe1 9 ca% to an organization describ$
 9 section #agj7;b77#a77;,a7 ( su*      
,code1 &  7,,ii7 is made = relief ef=ts 
9 a qualifi$ hurricane disa/] area      
relat$ to ,hurricane ,hel5e or          
,hurricane ,milton1  7ii7 ! taxpay]     
obta9s f su* organization contemporane\s
 writt5 ackn[l$gm5t 7)9 ! mean+ (       
section #agj7;f77#h7 ( su* ,code7 t su* 
contribution 0 us$ 7or is to be us$7 =  
relief ef=ts 9 a qualifi$ hurricane     
disa/] area relat$ to ,hurricane ,hel5e 
or ,hurricane ,milton1 &  7iii7 !       
taxpay] has elect$ ! application ( ?is  
section ) respect to su* contribution4  
7,b7 ,exception ,a qualifi$ hurricane   
disa/] contribution %all n include a    

contribution by a donor if !            
contribution is-- 7i7 to an organization
 describ$ 9 section #eji7;a77#c7 ( su*  
,code1 or  7ii7 = e/abli%m5t ( a new1 or
 ma9t5ance ( an exi/+1 donor advis$ fund
 7z def9$ 9 section #diff7;d77#b7 ( su* 
,code74  #e4 ,special hurricane         
disa/]-relat$ rules = use ( retirem5t   
funds  7a7 ,tax-,favor$ )drawals f      
retirem5t plans  7#a7 ,9 g5]al ,section 
#gb7t7 ( ! ,int]nal ,rev5ue ,code (     
#aihf %all n apply to any qualifi$      
hurricane disa/] di/ribution4  7#b7     
,aggregate doll> limitation  7,a7 ,9    
g5]al ,= purposes ( ?is subsection1 !   
aggregate am\nt ( di/ributions receiv$  
by an individual :i* may be treat$ z    
qualifi$ hurricane disa/] di/ributions =
 any taxable ye> %all n exce$ ! excess  
7if any7 (-- 7i7 #ajj1jjj1 ov]  7ii7 !  
aggregate am\nts treat$ z qualifi$      
hurricane disa/] di/ributions receiv$ by
 su* individual = all prior taxable     
ye>s4  7,b7 ,treatm5t ( plan            
di/ributions ,if a di/ribution to an    

individual w\ld 7)\t reg>d to           
subp>agraph 7,a77 be a qualifi$         
hurricane disa/] di/ribution1 a plan    
%all n be treat$ z violat+ any          
requirem5t ( su* ,code m]ely because !  
plan treats su* di/ribution z a qualifi$
 hurricane disa/] di/ribution1 unless ! 
aggregate am\nt ( su* di/ributions f all
 plans ma9ta9$ by ! employ] 7& any memb]
 ( any controll$ gr\p :i* includes !    
employ]7 to su* individual exce$s       
#ajj1jjj4  7,c7 ,controll$ gr\p ,=      
purposes ( subp>agraph 7,b71 ! t]m      
controll$ gr\p means any gr\p treat$ z a
 s+le employ] "u subsection 7b71 7c71   
7m71 or 7o7 ( section #dad ( su* ,code4 
7#c7 ,am\nt di/ribut$ may be repaid     
7,a7 ,9 g5]al ,any individual :o        
receives a qualifi$ hurricane disa/]    
di/ribution may1 at any "t dur+ ! #c-ye>
 p]iod beg9n+ on ! day aft] ! date on   
:i* su* di/ribution 0 receiv$1 make #a  
or m contributions 9 an aggregate am\nt 
n to exce$ ! am\nt ( su* di/ribution to 
an eligible retirem5t plan ( :i* su*    

individual is a b5efici>y & to :i* a    
rollov] contribution ( su* di/ribution  
c\ld be made "u section #djb7;c71       
#djc7;a77#d71 #djc7;b77#h71             
#djh7;d77#c71 or #deg7;e77#af71 ( su*   
,code1 z ! case may be4  7,b7 ,treatm5t 
( repaym5ts ( di/ributions f eligible   
retirem5t plans o!r ?an ,i,r,as ,=      
purposes ( su* ,code1 if a contribution 
is made pursuant to subp>agraph 7,a7 )  
respect to a qualifi$ hurricane disa/]  
di/ribution f an eligible retirem5t plan
 o!r ?an an individual retirem5t plan1  
!n ! taxpay] %all1 to ! ext5t ( ! am\nt 
( ! contribution1 be treat$ z hav+      
receiv$ ! qualifi$ hurricane disa/]     
di/ribution 9 an eligible rollov]       
di/ribution 7z def9$ 9 section          
#djb7;c77#d7 ( su* ,code7 & z hav+      
transf]r$ ! am\nt to ! eligible         
retirem5t plan 9 a direct tru/ee to     
tru/ee transf] )9 #fj days ( !          
di/ribution4  7,c7 ,treatm5t ( repaym5ts
 ( di/ributions f ,i,r,as ,= purposes ( 
su* ,code1 if a contribution is made    

pursuant to subp>agraph 7,a7 ) respect  
to a qualifi$ hurricane disa/]          
di/ribution f an individual retirem5t   
plan 7z def9$ by section #ggja7;a77#cg7 
( su* ,code71 !n1 to ! ext5t ( ! am\nt (
 ! contribution1 ! qualifi$ hurricane   
disa/] di/ribution %all be treat$ z a   
di/ribution describ$ 9 section          
#djh7;d77#c7 ( su* ,code & z hav+ be5   
transf]r$ to ! eligible retirem5t plan 9
 a direct tru/ee to tru/ee transf] )9   
#fj days ( ! di/ribution4  7#d7         
,def9itions ,= purposes ( ?is           
subsection-- 7,a7 qualifi$ hurricane    
disa/] di/ribution ,except z provid$ 9  
p>agraph 7#b71 ! t]m qualifi$ hurricane 
disa/] di/ribution means any di/ribution
 f an eligible retirem5t plan made-- 7i7
 on or aft] ! fir/ day ( ! incid5t p]iod
 & be=e ,decemb] #ca1 #bjbe1 &  7ii7 to 
an eligible individual4  7,b7 ,eligible 
retirem5t plan ,! t]m eligible retirem5t
 plan %all h ! mean+ giv5 su* t]m by    
section #djb7;c77#h77;,b7 ( su* ,code4  
7#e7 ,income inclusion spread ov] #c-ye>

 p]iod  7,a7 ,9 g5]al ,9 ! case ( any   
qualifi$ hurricane disa/] di/ribution1  
unless ! taxpay] elects n to h ?is      
p>agraph apply = any taxable ye>1 any   
am\nt requir$ to be includ$ 9 gross     
income = su* taxable ye> %all be s      
includ$ ratably ov] ! #c-taxable-ye>    
p]iod beg9n+ ) su* taxable ye>4  7,b7   
,special rule ,= purposes ( subp>agraph 
7,a71 rules simil> to ! rules ( section 
#djh;,a7d77#c77;,e7 ( su* ,code %all    
apply4  7#f7 ,special rules  7,a7       
,exemption ( di/ributions f tru/ee to   
tru/ee transf] & )hold+ rules ,=        
purposes ( sections #dja7;a77#ca71      
#djb7;f71 & #cdje ( su* ,code1 qualifi$ 
hurricane disa/] di/ributions %all n be 
treat$ z eligible rollov] di/ributions4 
7,b7 qualifi$ hurricane disa/]          
di/ributions treat$ z meet+ plan        
di/ribution requirem5ts ,= purposes (   
su* ,code1 a qualifi$ hurricane disa/]  
di/ribution %all be treat$ z meet+ !    
requirem5ts ( sections                  
#dja7k77#b77;,b77i71                    

#djc7;b77#g77;,a77i71 #djc7;b77#aa71 &  
#deg7;d77#a77;,a7 ( su* ,code & section 
#hdcc7;h77#a7 ( title #e1 ,unit$ ,/ates 
,code1 &1 9 ! case ( a money pur*ase    
p5sion plan1 a qualifi$ hurricane disa/]
 di/ribution :i* is an 9-s]vice )drawal 
%all be treat$ z meet+ ! di/ribution    
rules ( section #dja7;a7 ( su* ,code4   
7b7 ,recontributions ( )drawals = home  
pur*ases  7#a7 ,recontributions  7,a7 ,9
 g5]al ,any individual :o receiv$ a     
qualifi$ di/ribution may1 dur+ !        
applicable p]iod1 make #a or m          
contributions 9 an aggregate am\nt n to 
exce$ ! am\nt ( su* qualifi$ di/ribution
 to an eligible retirem5t plan 7z def9$ 
9 section #djb7;c77#h77;,b7 ( su* ,code7
 ( :i* su* individual is a b5efici>y &  
to :i* a rollov] contribution ( su*     
di/ribution c\ld be made "u section     
#djb7;c71 #djc7;a77#d71 #djc7;b77#h71 or
 #djh7;d77#c71 ( su* ,code1 z ! case may
 be4  7,b7 ,treatm5t ( repaym5ts ,rules 
simil> to ! rules ( subp>agraphs 7,b7 & 
7,c7 ( subsection 7a77#c7 %all apply =  

purposes ( ?is subsection4  7#b7        
,qualifi$ di/ribution ,= purposes ( ?is 
subsection1 ! t]m qualifi$ di/ribution  
means any di/ribution-- 7,a7 describ$ 9 
section #dja7k77#b77;,b77i77,,iv71      
#djc7;b77#g77;,a77i77,v71               
#djc7;b77#aa77;,b71 or #gb7t77#b77;,f71 
( su* ,code1  7,b7 :i* 0 to be us$ to   
pur*ase or con/ruct a pr9cipal resid5ce 
9 a qualifi$ hurricane disa/] area1 b   
:i* 0 n s us$ on acc\nt ( ,hurricane    
,hel5e or ,hurricane ,milton1 &  7,c7   
:i* 0 receiv$ dur+ ! p]iod beg9n+ on !  
date :i* is #ahj days be=e ! fir/ day ( 
! incid5t p]iod & end+ on ! date :i* is 
#cj days aft] ! la/ day ( su* incid5t   
p]iod4  7#c7 ,applicable p]iod ,=       
purposes ( ?is subsection1 ! t]m        
applicable p]iod means1 9 ! case ( a    
pr9cipal resid5ce 9 a qualifi$ hurricane
 disa/] area1 ! p]iod beg9n+ on ! fir/  
day ( ! incid5t p]iod & end+ on ,decemb]
 #ca1 #bjbe4  7c7 ,loans f qualifi$     
plans  7#a7 ,increase 9 limit on loans n
 treat$ z di/ributions ,9 ! case ( any  

loan f a qualifi$ employ] plan 7z def9$ 
"u section #gb7p77#d7 ( su* ,code7 to an
 eligible individual made dur+ ! p]iod  
beg9n+ on ! date ( ! enactm5t ( ?is ,act
 & end+ on ,june #cj1 #bjbe-- 7,a7      
section #gb7p77#b77;,a77i7 ( su* ,code  
%all be appli$ by sub/itut+ #ajj1jjj =  
#ej1jjj1 &  7,b7 clause 7ii7 ( su*      
section %all be appli$ by sub/itut+ !   
pres5t value ( ! non=feitable accru$    
b5efit ( ! employee "u ! plan = "o-half 
( ! pres5t value ( ! non=feitable accru$
 b5efit ( ! employee "u ! plan4  7#b7   
,delay ( repaym5t ,9 ! case ( an        
eligible individual ) an out/&+ loan 7on
 or aft] ! fir/ day ( ! incid5t p]iod7 f
 a qualifi$ employ] plan 7z def9$ 9     
section #gb7p77#d7 ( su* ,code7-- 7,a7  
if ! due date pursuant to subp>agraph   
7,b7 or 7,c7 ( section #gb7p77#b7 ( su* 
,code = any repaym5t ) respect to su*   
loan occurs dur+ ! p]iod beg9n+ on !    
fir/ day ( ! incid5t p]iod & end+ on !  
date :i* is #ahj days aft] ! la/ day (  
su* incid5t p]iod1 su* due date %all be 

delay$ = #a ye> 7or1 if lat]1 until     
,decemb] #ca1 #bjbe71  7,b7 any         
subsequ5t repaym5ts ) respect to any su*
 loan %all be appropriately adju/$ to   
reflect ! delay 9 ! due date "u         
subp>agraph 7,a7 & any int]e/ accru+    
dur+ su* delay1 &  7,c7 9 det]m9+ !     
#e-ye> p]iod & ! t]m ( a loan "u        
subp>agraph 7,b7 or 7,c7 ( section      
#gb7p77#b7 ( su* ,code1 ! p]iod describ$
 9 subp>agraph 7,a7 ( ?is p>agraph %all 
be disreg>d$4  7d7 ,provisions relat+ to
 plan am5dm5ts  7#a7 ,9 g5]al ,if ?is   
subsection applies to any am5dm5t to any
 plan or annuity contract1 su* plan or  
contract %all be treat$ z be+ op]at$ 9  
accordance ) ! t]ms ( ! plan dur+ !     
p]iod describ$ 9 p>agraph 7#b77;,b77i74 
7#b7 ,am5dm5ts to :i* subsection applies
  7,a7 ,9 g5]al ,?is subsection %all    
apply to any am5dm5t to any plan or     
annuity contract :i* is made-- 7i7      
pursuant to any provision ( ?is section1
 or pursuant to any regulation issu$ by 
! ,secret>y or ! ,secret>y ( ,labor "u  

any provision ( ?is section1 &  7ii7 on 
or be=e ! la/ day ( ! fir/ plan ye>     
beg9n+ on or aft] ,janu>y #a1 #bjbe1 or 
su* lat] date z ! ,secret>y may         
prescribe4  ,9 ! case ( a gov]nm5tal    
plan 7z def9$ 9 section #dad7;d7 ( su*  
,code71 clause 7ii7 %all be appli$ by   
sub/itut+ ! date :i* is #b ye>s aft] !  
date o!rwise appli$ "u clause 7ii74     
7,b7 ,conditions ,?is subsection %all n 
apply to any am5dm5t unless-- 7i7 dur+ !
 p]iod-- 7,i7 beg9n+ on ! date t ?is    
section or ! regulation describ$ 9      
subp>agraph 7,a77i7 takes effect 7or 9 !
 case ( a plan or contract am5dm5t n    
requir$ by ?is section or su*           
regulation1 ! effective date specifi$ by
 ! plan71 &  7,,ii7 end+ on ! date      
describ$ 9 subp>agraph 7,a77ii7 7or1 if 
e>li]1 ! date ! plan or contract am5dm5t
 is adopt$71  ! plan or contract is     
op]at$ z if su* plan or contract am5dm5t
 7 9 effect1 &  7ii7 su* plan or        
contract am5dm5t applies retroactively =
 su* p]iod4