House Amendment 8642 PAG LIN 1 1 Amend the Senate amendment, H=8640, to House File 1 2 2531, as amended, passed, and reprinted by the House, 1 3 as follows: 1 4 #1. Page 57, by striking lines 1 through 29 and 1 5 inserting: 1 6 <DIVISION ___ 1 7 DISASTER=RELATED DEDUCTIONS 1 8 Sec. ___. DISASTER=RELATED PERSONAL CASUALTY 1 9 LOSS DEDUCTIONS. A taxpayer is allowed to take the 1 10 deduction for disaster=related casualty losses under 1 11 section 165(h) of the Internal Revenue Code, as 1 12 modified by the Heartland Disaster Relief Act of 2008, 1 13 Pub. L. No. 110=343, in computing net income for state 1 14 tax purposes. 1 15 Sec. ___. EFFECTIVE UPON ENACTMENT AND RETROACTIVE 1 16 APPLICABILITY. This division of this Act, being deemed 1 17 of immediate importance, takes effect upon enactment 1 18 and applies retroactively to January 1, 2008, for 1 19 tax years beginning on or after that date and before 1 20 January 1, 2009.> 1 21 #2. By renumbering as necessary. PETTENGILL of Benton HF2531.2979 (2) 83 tm/jp