H.R. 3265 — A bill amend the Internal Revenue Code of 1954 to provide that losses attributable to disasters determined to warrant assistance under the Disaster Relief Act of 1974 shall be allowable as a deduction without regard to whether they exceed 10 percent of the adjusted gross income of the taxpayer.

H.R. 3265 — A bill amend the Internal Revenue Code of 1954 to provide that losses attributable to disasters determined to warrant assistance under the Disaster Relief Act of 1974 shall be allowable as a deduction without regard to whether they exceed 10 percent of the adjusted gross income of the taxpayer. | PoliFocus

A bill amend the Internal Revenue Code of 1954 to provide that losses attributable to disasters determined to warrant assistance under the Disaster Relief Act of 1974 shall be allowable as a deduction without regard to whether they exceed 10 percent of the adjusted gross income of the taxpayer.

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