Katrina/Rita Hurricane Relief Act of 2005

Katrina/Rita Hurricane Relief Act of 2005 - Amends the Internal Revenue Code to allow a tax deduction from gross income (available to taxpayers who do not itemize deductions) for cash contributions made between August 28, 2005, and December 31, 2006, to a charitable organization for relief efforts related to Hurricanes Katrina or Rita.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4287 Introduced in House (IH)]







109th CONGRESS
  1st Session
                                H. R. 4287

  To amend the Internal Revenue Code of 1986 to allow a deduction for 
  portion of charitable contributions related to Hurricane Katrina or 
           Hurricane Rita in computing adjusted gross income.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 9, 2005

Mr. Sherman (for himself, Mr. Berman, and Mr. Marshall) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to allow a deduction for 
  portion of charitable contributions related to Hurricane Katrina or 
           Hurricane Rita in computing adjusted gross income.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Katrina/Rita Hurricane Relief Act of 
2005''.

SEC. 2. DEDUCTION FOR PORTION OF CHARITABLE CONTRIBUTIONS RELATED TO 
              HURRICANE KATRINA OR HURRICANE RITA IN COMPUTING ADJUSTED 
              GROSS INCOME.

    (a) Katrina/Rita Relief Charitable Deduction.--Subsection (a) of 
section 62 of the Internal Revenue Code of 1986 (defining adjusted 
gross income) is amended by redesignating paragraph (19) (relating to 
costs involving discrimination suits, etc.) as paragraph (20) and 
inserting after paragraph (20) (as so redesignated) the following new 
paragraph:
            ``(21) Katrina/rita relief charitable deduction.--In the 
        case of taxable years ending on or after August 28, 2005, and 
        before January 1, 2007, the deductions allowed by section 170 
        which consist of charitable contributions (as defined in 
        section 170(c)) paid during the period beginning on August 28, 
        2005, and ending on December 31, 2006, in cash to an 
        organization described in section 170(b)(1)(A) (other than an 
        organization described in section 509(a)(3)), and designated 
        for relief efforts related to Hurricane Katrina or Hurricane 
        Rita.''.
    (b) Regulations.-- The Secretary shall prescribe regulations 
providing for the allowance of the Katrina/Rita relief charitable 
deduction described in section 62(a)(21) of such Code (as amended by 
this section) on Forms 1040EZ and 1040A.
    (c) Effective Date.--The amendments made by this section shall 
apply to contributions paid on or after August 28, 2005, in taxable 
years ending on or after such date.
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