JURIST Supported by the University of Pittsburgh
PAPER CHASE NEWSBURSTDigest RSS feedFull RSS feed
Serious law. Primary sources. Global perspective.


Wednesday, September 21, 2005

House OKs tax relief bill for Katrina victims
Chris Buell at 7:59 PM ET

[JURIST] The US House of Representatives [official website] on Wednesday unanimously approved H.R. 3768 [bill summary], providing $6 billion in temporary tax relief aimed at helping people and organizations hit by Hurricane Katrina [JURIST news archive]. In particular, the legislation offers $500 tax credits for those providing temporary housing for Katrina victims and raises caps on charitable donations made to charities helping those affected by the hurricane. The bill also allows temporary withdrawals from retirement plans, ensures that tax credits for child care and debt are based on 2004 income and offers businesses tax credits for hiring victims of the hurricane. The legislation focuses on short-term relief for those affected by the disaster, with Congress expected to work on longer-term relief efforts over the coming months. The tax bill is expected to receive quick approval from the US Senate and President Bush. A major issue of contention in Congress remains how the government should finance the recovery for the Gulf region that is expected to cost in the billions. Democrats and Republicans have jousted over whether to cut existing programs, increase the deficit or raise taxes to cover the costs. Reuters has more.






Link |  | print | subscribe | RSS feeds | latest newscast | Facebook page

For more legal news check the Paper Chase Archive...


LATEST LEGAL NEWS

 UK judge upholds request to withhold evidence in Russian spy death investigation
5:26 PM ET, May 19

 Afghanistan parliament blocks women's rights legislation
4:06 PM ET, May 19

 Rights groups urge Cameroon to drop charges against transgender youths
11:45 AM ET, May 19

 click for more...

Get JURIST legal news delivered daily to your e-mail!

LATEST FORUM

In Alabama, "Back Door" Restrictions on Abortion and Roe
DOMESTIC
LaJuana Davis
Cumberland School of Law

ABOUT

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.

CONTACT

Paper Chase welcomes comments, tips and URLs from readers. E-mail us at JURIST@jurist.org