Senator Chuck Grassley wants flood victims in his state to receive the same federal tax relief awarded to victims of Hurricane Katrina.
Due to delays in federal funding, many homeowners hit by floods and storms in Iowa last year are unable to meet the deadline for the federal tax relief that is designed to aid them in their recovery. Before the Senate recessed, Senator Chuck Grassley (R-Iowa) introduced legislation that would give Midwest disaster victims more time to benefit from tax relief to help them repair or replace their devastated homes. He says the package is similar to what was approved for Hurricane Katrina victims four years ago. "I did get it passed last year, but it expires at the end of one year, and so that's why it has to be reauthorized," the senator explains. "We do this for Hurricane Katrina victims even five years afterwards. In fact, Senator [David] Vitter [R-Louisiana] was in my office last week asking to continue some relief that we had passed that's going to expire. I had to fight Speaker Pelosi last year to get equity for Iowa flood victims like we did for hurricane victims, but we got it done." When Congress reconvenes, Grassley intends to file legislation that extends tax relief for other flood and tornado victims.
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