H.R. 6602 would provide for the use of amended income tax returns to take into account receipt of certain hurricane-related casualty loss grants by disallowing previously taken casualty loss deductions.

== Detailed Summary ==

<summary>
(LogAllows taxpayers who claimed a tax deduction for a casualty loss to a principal residence resulting from Hurricanes Katrina, Rita, or Wilma and then received a grant as reimbursement for such loss in a subsequent taxable year to editfile an amended income tax return and reduce such tax deduction by the wikiamount of the reimbursement. Waives interest and bepenalties on any underpayment of tax resulting from the first to provide a detailed summaryreduced tax deduction if such underpayment is paid within one year of the filing of the bill!)amended tax return.
</summary>

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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 7/24/2008: Referred to House committee. Status: Referred to edit the wikiHouse Committee on Ways and be the first to update the status of the bill!)Means.
</status>

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== Points in Favor ==

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== Points Against ==

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