To amend the Internal Revenue Code of 1986 to provide for the establishment of, and the deduction of contributions to, disaster relief savings accounts, and for other purposes.
Disaster Relief Savings Account Act of 1989 - Amends the Internal Revenue Code to allow a tax deduction for amounts paid to a disaster relief savings account established to pay for qualified disaster relief expenses.
Provides a tax exclusion for distributions from individual retirement plans for disaster relief expenses.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line