H.R. 4041 — To amend the Internal Revenue Code of 1986 to provide that the deduction for certain flood-related attorney fees shall be fully allowable in computing both taxable income and alternative minimum taxable income.

Summary

Amends the Internal Revenue Code to exempt from the limitation on miscellaneous itemized tax deductions (i.e., only expenses in excess of two percent of adjusted gross income are deductible) any deduction for attorney fees paid in connection with flood-related damages from a natural disaster.

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H.R. 4040To amend the Internal Revenue Code of 1986 to provide that the deduction for certain attorney fees shall be fully allowable in computing both taxable income and alternative minimum taxable income.
2005-10-07Referred to the House Committee on Ways and Means.
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Legislative Actions

2005-10-07
Introduced in House
2005-10-07
Introduced in House
2005-10-07
Sponsor introductory remarks on measure. (CR E2054-2055)
2005-10-07
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to provide that the deduction for certain flood-related attorney fees shall be fully allowable in computing both taxable income and alternative minimum taxable income.

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