,i #aai? ,,congress #a/ ,session ,h4 ,r4 #fhdb ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,decemb] #ah1 #bjbe,ms4 ,*u 7= h]self1 ,mr4 ,%]man1 ,mr4 ,?ompson ( ,cali=nia1 ,ms4 ,pelosi1 ,mr4 ,aguil>1 ,ms4 ,b>ragn1 ,ms4 ,br[nley1 ,mr4 ,c>bajal1 ,mr4 ,co/a1 ,mr4 ,de,saulnier1 ,ms4 ,fri$man1 ,mr4 ,g>am5di1 ,mr4 ,g>cia ( ,cali=nia1 ,ms4 ,jacobs1 ,ms4 ,kamlag]-,dove1 ,mr4 ,lev91 ,mr4 ,licc>do1 ,mr4 ,lieu1 ,ms4 ,l(gr51 ,ms4 ,matsui1 ,mr4 ,m91 ,mr4 ,mull91 ,mr4 ,panetta1 ,mr4 ,pet]s1 ,ms4 ,rivas1 ,mr4 ,ruiz1 ,ms4 ,sn*ez1 ,mr4 ,swalwell1 ,mr4 ,takano1 ,mr4 ,tran1 & ,mr4 ,:itesides7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to provide tax relief ) respect to c]ta9 ,f$]al disa/]s1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,disa/] ,survivors ,tax ,relief & ,recov]y ,act4 #b4 ,tempor>y special rule = det]m9ation ( e>n$ income 7a7 ,9 g5]al ,9 ! case ( a qualifi$ individual1 if ! e>n$ income ( a taxpay] = ! taxpay]'s fir/ taxable ye> beg9n+ 9 #bjbe is less ?an ! e>n$ income ( ! taxpay] = ! prec$+ taxable ye>1 ! cr$its all[$ "u sections #bd7;d7 & #cb ( ! ,int]nal ,rev5ue ,code ( #aihf 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 = ! taxpay]'s fir/ taxable ye> beg9n+ 9 #bjbe4 7b7 ,qualifi$ individual ,= purposes ( ?is section1 ! t]m qualifi$ individual means any individual ^: pr9cipal place ( abode at any "t dur+ ! incid5t p]iod ( any qualifi$ disa/] 0 locat$-- 7#a7 9 ! qualifi$ disa/] zone ) respect to su* qualifi$ disa/]1 or 7#b7 9 ! qualifi$ disa/] area ) respect to su* qualifi$ disa/] 7b outside ! qualifi$ disa/] zone ) respect to su* qualifi$ disa/]7 & su* individual 0 displac$ f su* pr9cipal place ( abode by reason ( su* qualifi$ disa/]4 7c7 ,e>n$ income ,= purposes ( ?is section1 ! t]m e>n$ income has ! mean+ giv5 su* t]m 9 section #cb7;c7 ( su* ,code4 7d7 ,special rules 7#a7 ,application to jo9t returns ,= purposes ( subsection 7a71 9 ! case ( a jo9t return = ! taxpay]'s fir/ taxable ye> beg9n+ 9 #bjbe-- 7,a7 su* subsection %all apply if ei!r sp\se is a qualifi$ 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 or cl]ical 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 ! ,int]nal ,rev5ue ,code ( #aihf %all be appli$ )\t reg>d to any sub/itution "u subsection 7a74 #c4 ,tempor>y modification ( limitations on c]ta9 *>itable contributions 7a7 ,tempor>y susp5sion ( limitations on c]ta9 ca% contributions 7#a7 ,9 g5]al ,except z o!rwise provid$ 9 p>agraph 7#b71 qualifi$ disa/] relief contributions %all be disreg>d$ 9 apply+ subsections 7b7 & 7d7 ( section #agj ( ! ,int]nal ,rev5ue ,code ( #aihf4 7#b7 ,treatm5t ( excess contributions ,= purposes ( section #agj ( su* ,code-- 7,a7 ,individuals ,9 ! case ( an individual-- 7i7 ,limitation ,any qualifi$ disa/] relief contribution %all be all[$ z a d$uction only to ! ext5t t ! aggregate ( su* contributions does n exce$ ! excess ( ! taxpay]'s contribution base 7z def9$ 9 section #agj7;b77#a77;,h7 ( su* ,code7 ov] ! am\nt ( all o!r *>itable contributions all[$ "u section #agj7;b77#a7 ( su* ,code4 7ii7 ,c>ryov] ,if ! aggregate am\nt ( qualifi$ disa/] relief contributions made 9 ! contribution ye> 7)9 ! mean+ ( section #agj7;d77#a7 ( su* ,code7 exce$s ! limitation ( clause 7i71 su* excess %all be add$ to ! excess describ$ 9 section #agj7;b77#a77;,g77ii74 7,b7 ,corporations ,9 ! case ( a corporation-- 7i7 ,limitation ,any qualifi$ disa/] relief contribution %all be all[$ z a d$uction only to ! ext5t t ! aggregate ( su* contributions does n exce$ ! excess ( #ajj p]c5t ( ! taxpay]'s taxable income 7z det]m9$ "u section #agj7;b77#b7 ( su* ,code7 ov] ! am\nt ( all o!r *>itable contributions all[$ "u su* section4 7ii7 ,c>ryov] ,if ! aggregate am\nt ( qualifi$ disa/] relief contributions made 9 ! contribution ye> 7)9 ! mean+ ( section #agj7;d77#b7 ( su* ,code7 exce$s ! limitation ( clause 7i71 su* excess %all be appropriately tak5 into acc\nt "u section #agj7;d77#b71 subject to ! limitations !re(4 7#c7 ,qualifi$ disa/] relief contribution 7,a7 ,9 g5]al ,= purposes ( ?is subsection1 ! t]m qualifi$ disa/] relief contribution means any *>itable contribution 7z def9$ 9 section #agj7;c7 ( su* ,code7 if-- 7i7 su* contribution-- 7,i7 is paid 9 ca% to an organization describ$ 9 section #agj7;b77#a77;,a7 ( su* ,code dur+ ! p]iod beg9n+ on ,janu>y #a1 #bjbe1 & end+ on ! date :i* is #fj days aft] ! date ( ! enactm5t ( ?is ,act1 & 7,,ii7 is made = relief ef=ts 9 "o or m qualifi$ disa/] areas1 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$7 = relief ef=ts describ$ 9 clause 7i77,,ii71 & 7iii7 ! taxpay] has elect$ ! application ( ?is subsection ) respect to su* contribution4 7,b7 ,exception ,su* t]m %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 7,c7 ,application ( election to p>tn]%ips & ,s corporations ,9 ! case ( a p>tn]%ip or ,s corporation1 ! election "u subp>agraph 7,a77iii7 %all be made sep>ately by ea* p>tn] or %>ehold]4 7b7 ,increase 9 limits on contributions ( food inv5tory ,9 ! case ( any *>itable contribution ( food dur+ #bjbe to :i* section #agj7;e77#c77;,c7 ( su* ,code applies1 subclauses 7,i7 & 7,,ii7 ( clause 7ii7 !re( %all ea* be appli$ by sub/itut+ #be p]c5t = #ae p]c5t4 7c7 ,effective date ,?is section %all apply to contributions made on or aft] ,janu>y #a1 #bjbe4 #d4 ,special 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$ 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$ disa/] di/ributions = any taxable ye> %all n exce$ ! excess 7if any7 (-- 7i7 #ajj1jjj1 ov] 7ii7 ! aggregate am\nts treat$ z qualifi$ 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$ disa/] di/ribution1 a plan %all n be treat$ z violat+ any requirem5t ( ! ,int]nal ,rev5ue ,code ( #aihf m]ely because ! plan treats su* di/ribution z a qualifi$ 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,d7 ,special rule = individuals affect$ by m ?an "o disa/] ,! limitation ( subp>agraph 7,a7 %all be appli$ sep>ately ) respect to di/ributions made ) respect to ea* qualifi$ disa/]4 7#c7 ,am\nt di/ribut$ may be repaid 7,a7 ,9 g5]al ,any individual :o receives a qualifi$ disa/] di/ribution may1 at any "t dur+ ! #c-ye> p]iod beg9n+ on ! day aft] ! date on :i* su* di/ribution 0 receiv$1 make "o or m contributions 9 an aggregate am\nt n to exce$ ! 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#af7 ( su* ,code1 z ! case may be4 7,b7 ,treatm5t ( repaym5ts ( di/ributions f eligible retirem5t plans o!r ?an ,i,r,as ,= purposes ( ! ,int]nal ,rev5ue ,code ( #aihf1 if a contribution is made pursuant to subp>agraph 7,a7 ) respect to a qualifi$ 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$ 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 ( ! ,int]nal ,rev5ue ,code ( #aihf1 if a contribution is made pursuant to subp>agraph 7,a7 ) respect to a qualifi$ disa/] di/ribution f an individual retirem5t plan1 !n1 to ! ext5t ( ! am\nt ( ! contribution1 ! qualifi$ 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$ disa/] di/ribution ,except z provid$ 9 p>agraph 7#b71 ! t]m qualifi$ disa/] di/ribution means any di/ribution f an eligible retirem5t plan made-- 7i7 on or aft] ! fir/ day ( ! incid5t p]iod ( a qualifi$ disa/] & be=e ! date :i* is #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 & 7ii7 to an individual ^: pr9cipal place ( abode at any "t dur+ ! incid5t p]iod ( su* qualifi$ disa/] is locat$ 9 ! qualifi$ disa/] area ) respect to su* qualifi$ disa/] & :o has su/a9$ an economic loss by reason ( su* qualifi$ disa/]4 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,c7 ,individual retirem5t plan ,! t]m individual retirem5t plan %all h ! mean+ giv5 su* t]m by section #ggja7;a77#cg7 ( su* ,code4 7#e7 ,income inclusion spread ov] #c-ye> p]iod 7,a7 ,9 g5]al ,9 ! case ( any qualifi$ 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 ( subp>agraph 7,e7 ( section #djh;,a7d77#c7 ( 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$ disa/] di/ributions %all n be treat$ z eligible rollov] di/ributions4 7,b7 ,qualifi$ disa/] di/ributions treat$ z meet+ plan di/ribution requirem5ts ,= purposes ( ! ,int]nal ,rev5ue ,code ( #aihf1 a qualifi$ 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$ disa/] di/ribution :i* is an 9-s]vice )drawal %all be treat$ z meet+ ! di/ribution rules ( section #dja7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 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 "o 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#c7 ( 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;,f7 ( su* ,code1 7,b7 :i* 0 to be us$ to pur*ase or con/ruct a pr9cipal resid5ce 9 a qualifi$ disa/] area1 b :i* 0 n s us$ on acc\nt ( ! qualifi$ disa/] ) respect to su* area1 & 7,c7 :i* 0 receiv$ dur+ ! p]iod beg9n+ on ! date :i* is #ahj days be=e ! fir/ day ( ! incid5t p]iod ( su* qualifi$ disa/] & 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$ disa/] area ) respect to any qualifi$ disa/]1 ! p]iod beg9n+ on ! fir/ day ( ! incid5t p]iod ( su* qualifi$ disa/] & end+ on ! date :i* is #ahj days aft] ! date ( ! enactm5t ( ?is ,act4 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 a qualifi$ individual made dur+ ! #ahj-;day p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act-- 7,a7 clause 7i7 ( section #gb7p77#b77;,a7 ( 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 ( a qualifi$ individual 7) respect to any qualifi$ disa/]7 ) an out/&+ loan 7on or aft] ! fir/ day ( ! incid5t p]iod ( su* qualifi$ disa/]7 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 ( su* qualifi$ disa/] & end+ on ! date :i* is #ahj days aft] ! la/ day ( su* incid5t p]iod1 su* due date %all be delay$ = "o ye> 7or1 if lat]1 until ! date :i* is #ahj days aft] ! date ( ! enactm5t ( ?is ,act71 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 n be disreg>d$4 7#c7 ,qualifi$ individual ,= purposes ( ?is subsection1 ! t]m qualifi$ individual means any individual-- 7,a7 ^: pr9cipal place ( abode at any "t dur+ ! incid5t p]iod ( any qualifi$ disa/] is locat$ 9 ! qualifi$ disa/] area ) respect to su* qualifi$ disa/]1 & 7,b7 :o has su/a9$ an economic loss by reason ( su* qualifi$ disa/]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 ( ! ,treasury 7or 8 delegate7 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 #bjbg1 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 two 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 #e4 ,special rules = qualifi$ disa/]-relat$ p]sonal casualty losses 7a7 ,9 g5]al ,if an individual has a net disa/] loss = any taxable ye>-- 7#a7 ! am\nt det]m9$ "u section #afe7;h77#b77;,a77ii7 ( ! ,int]nal ,rev5ue ,code ( #aihf %all be equal to ! sum (-- 7,a7 su* net disa/] loss1 & 7,b7 s mu* ( ! excess ref]r$ to 9 ! matt] prec$+ clause 7i7 ( section #afe7;h77#b77;,a7 ( su* ,code 7r$uc$ by ! am\nt 9 subp>agraph 7,a77 z exce$s #aj p]c5t ( ! adju/$ gross income ( ! individual1 7#b7 9 ! case ( qualifi$ disa/]-relat$ p]sonal casualty losses1 section #afe7;h77#a7 ( su* ,code %all be appli$ to by sub/itut+ #ejj = #ejj 7#ajj = taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjji71 7#c7 ! /&>d d$uction det]m9$ "u section #fc7;c7 ( su* ,code %all be increas$ by ! net disa/] loss1 & 7#d7 section #ef7;b77#a77;,e7 ( su* ,code %all n apply to s mu* ( ! /&>d d$uction z is attributable to ! increase "u p>agraph 7#c74 7b7 ,net disa/] loss ,= purposes ( ?is section1 ! t]m net disa/] loss means ! excess ( qualifi$ disa/]-relat$ p]sonal casualty losses ov] p]sonal casualty ga9s 7z def9$ 9 section #afe7;h77#c77;,a7 ( su* ,code74 7c7 ,qualifi$ disa/]-,relat$ p]sonal casualty losses ,= purposes ( ?is section1 ! t]m qualifi$ disa/]-relat$ p]sonal casualty losses means losses describ$ 9 section #afe7;c77#c7 ( su* ,code :i* arise 9 a qualifi$ disa/] area on or aft] ! fir/ day ( ! incid5t p]iod ( ! qualifi$ disa/] to :i* su* area relates1 & :i* are attributable to su* qualifi$ disa/]4 #f4 ,ext5sion ( exclusion f gross income = comp5sation = losses or damages result+ f c]ta9 wildfires ,section #c7;d7 ( ! ,f$]al ,disa/] ,tax ,relief ,act ( #bjbc 7,public ,law #aah-adh7 is am5d$ by /rik+ #bjbf & ins]t+ #bjcf4 #g4 ,additional l[-income h\s+ cr$it allocations 7a7 ,9 g5]al ,= purposes ( section #db ( ! ,int]nal ,rev5ue ,code ( #aihf1 ! ,/ate h\s+ cr$it ceil+ = any ,/ate = ea* ( cal5d> ye>s #bjbf & #bjbg %all be increas$ by ! aggregate h\s+ cr$it doll> am\nt allocat$ by ! ,/ate h\s+ cr$it ag5cies ( su* ,/ate = su* cal5d> ye> to build+s locat$ 9 any qualifi$ disa/] zone 9 su* ,/ate4 7b7 ,limitation 7#a7 ,application ( aggregate limitation ,! increase det]m9$ "u subsection 7a7 ) respect to any ,/ate %all n exce$-- 7,a7 9 ! case ( any su* increase det]m9$ = cal5d> ye> #bjbf1 ! applicable doll> limitation = su* ,/ate1 & 7,b7 9 ! case ( any su* increase det]m9$ = cal5d> ye> #bjbg1 ! applicable doll> limitation = su* ,/ate r$uc$ by ! am\nt ( any increase det]m9$ "u subsection 7a7 ) respect to su* ,/ate = cal5d> ye> #bjbf4 7#b7 ,applicable doll> limitation ,= purposes ( ?is subsection1 ! t]m applicable doll> limitation means1 ) respect to any ,/ate1 ! product ( #h4be multipli$ by ! population ( su* ,/ate 7z det]m9$ = cal5d> ye> #bjbe74 7c7 ,ext5sion ( plac$ 9 s]vice deadl9e = designat$ h\s+ cr$it doll> am\nts 7#a7 ,9 g5]al ,9 ! case ( any h\s+ cr$it doll> am\nt :i* is allocat$ by a ,/ate h\s+ cr$it ag5cy ( a ,/ate = cal5d> ye> #bjbf or #bjbg to a build+ locat$ 9 a qualifi$ disa/] zone 9 su* ,/ate & :i* is designat$ 7at su* "t & 9 su* mann] z ! ,secret>y may provide7 by su* ,/ate h\s+ cr$it ag5cy z h\s+ cr$it doll> am\nt to :i* ?is subsection applies1 section #db7;h77#a77;,e7 ( su* ,code %all be appli$-- 7,a7 by sub/itut+ ?ird cal5d> ye> = second cal5d> ye> ea* place x appe>s1 & 7,b7 by sub/itut+ #b ye>s = #a ye> 9 clause 7ii7 !re(4 7#b7 ,application ( limitation ,! aggregate am\nt ( h\s+ cr$it doll> am\nt designat$ "u p>agraph 7#a7 = any cal5d> ye> by all ,/ate h\s+ cr$it ag5cies ( a ,/ate %all n exce$ ! am\nt det]m9$ "u subsection 7b77#a7 ) respect to su* ,/ate = su* cal5d> ye>4 7d7 ,allocations treat$ z made fir/ f additional allocation = purposes ( det]m9+ c>ryov] ,= purposes ( det]m9+ ! unus$ ,/ate h\s+ cr$it ceil+ = any cal5d> ye> "u section #db7;h77#c77;,c7 ( su* ,code1 any increase 9 ! ,/ate h\s+ cr$it ceil+ "u subsection 7a7 %all be treat$ z an am\nt describ$ 9 clause 7ii7 ( su* section4 #h4 ,def9itions ,9 ?is ,act-- 7#a7 ,qualifi$ disa/] area ,! t]m qualifi$ disa/] area means any area ) respect to :i* a major disa/] 0 decl>$1 dur+ ! p]iod beg9n+ on ,janu>y #a1 #bjbe1 & end+ on ! date :i* is #fj days aft] ! date ( ! enactm5t ( ?is ,act1 by ! ,presid5t "u section #dja ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act1 if ! incid5t p]iod ( ! disa/] ) respect to :i* su* decl>ation 0 made beg9s on or aft] ,decemb] #bh1 #bjbd1 & on or be=e ! date ( ! enactm5t ( ?is ,act4 7#b7 ,qualifi$ disa/] zone ,! t]m qualifi$ disa/] zone means t portion ( any qualifi$ disa/] area :i* 0 det]m9$ by ! ,presid5t1 dur+ ! p]iod beg9n+ on ,janu>y #a1 #bjbe1 & end+ on ! date :i* is #fj days aft] ! date ( ! enactm5t ( ?is ,act1 to w>rant individual or individual & public assi/ance f ! ,f$]al ,gov]nm5t "u ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act by reason ( ! qualifi$ disa/] ) respect to su* disa/] area4 7#c7 ,qualifi$ disa/] ,! t]m qualifi$ disa/] means1 ) respect to any qualifi$ disa/] area1 ! disa/] by reason ( :i* a major disa/] 0 decl>$ ) respect to su* area4 7#d7 ,incid5t p]iod ,! t]m incid5t p]iod means1 ) respect to any qualifi$ disa/]1 ! p]iod specifi$ by ! ,f$]al ,em]g5cy ,managem5t ,ag5cy z ! p]iod dur+ :i* su* disa/] occurr$1 except t = purposes ( ?is ,act1 su* p]iod %all n be treat$ z end+ aft] ! date :i* is #cj days aft] ! date ( ! enactm5t ( ?is ,act4