Page:United States Statutes at Large Volume 122.djvu/2306

 12 2 STA T . 22 83PUBLIC LA W 11 0– 2 46—J U NE 18, 2008 (b)KANS AS DI SAS TERA REA .—Forpu rpo se so fthi sse c tio n, the ter m‘ ‘K a nsas d isaster area ’ ’ means an area w ith respect to which ama j or disaster has been dec l ared b y the P resident under section 401 of the R obert T . S tafford Disaster Relief and E mer g ency Assist - ance Act (FE M A – 1 69 9–DR, as in effect on the date of the enactment of this Act) by reason of se v ere storms and tornados beginning on May 4, 2 00 7, and determined by the President to warrant individual or individual and public assistance from the Federal G overnment under such Act with respect to damages attributable to such storms and tornados. (c) RE F EREN C EST O AREA OR L OSS.— (1) AREA.—Any reference in such provisions to the Katrina disaster area or the Gulf O pportunity Z one shall be treated as a reference to the Kansas disaster area. (2) LOSS.—Any reference in such provisions to any loss or damage attributable to H urricane Katrina shall be treated as a reference to any loss or damage attributable to the May 4, 2007, storms and tornados. (d) REFERENCES TO DATES, ETC.— (1) S P ECIA L ALLO W ANCE FOR CERTAIN PROPERT Y AC QU IRE D ON OR AFTER M AY 5, 20 0 7 .—Section 1400 N (d) of such C ode— (A) by substituting ‘‘ q ualified Recovery Assistance prop- erty’’ for ‘‘qualified Gulf Opportunity Zone property’’ each place it appears, ( B ) by substituting ‘‘May 5, 2007’’ for ‘‘August 2 8, 2005’’ each place it appears, (C) by substituting ‘‘December 3 1, 2008’’ for ‘‘December 31, 2007’’ in paragraph (2)(A)(v), (D) by substituting ‘‘December 31, 2009’’ for ‘‘December 31, 2008’’ in paragraph (2)(A)(v), (E) by substituting ‘‘May 4, 2007’’ for ‘‘August 27, 2005’’ in paragraph (3)(A), (F) by substituting ‘‘ J anuary 1, 2009’’ for ‘‘January 1, 2008’’ in paragraph (3)(B), and (G) determined without regard to paragraph (6) thereof. (2) I NCREASE IN E X PENSIN G UNDER SECTION 179.—Section 1400N(e) of such Code, by substituting ‘‘qualified section 179 Recovery Assistance property’’ for ‘‘qualified section 179 Gulf Opportunity Zone property’’ each place it appears. (3) EXPENSING FOR CERTAIN DEMOLITION AND CLEAN-UP COSTS.—Section 1400N(f) of such Code— (A) by substituting ‘‘qualified Recovery Assistance clean-up cost’’ for ‘‘qualified Gulf Opportunity Zone clean- up cost’’ each place it appears, and (B) by substituting ‘‘beginning on May 4, 2007, and ending on December 31, 2009’’ for ‘‘beginning on August 28, 2005, and ending on December 31, 2007’’ in paragraph (2) thereof. (4) TREATMENT OF NET OPERATING LOSSES ATTRI B UTABLE TO STORM LOSSES.—Section 1400N( k ) of such Code— (A) by substituting ‘‘qualified Recovery Assistance loss’’ for ‘‘qualified Gulf Opportunity Zone loss’’ each place it appears, (B) by substituting ‘‘after May 3, 2007, and before on January 1, 2010’’ for ‘‘after August 27, 2005, and before January 1, 2008’’ each place it appears, 26USC140 0 N.

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