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KETRA

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AcronymDefinition
KETRAKatrina Emergency Tax Relief Act of 2005 (US)


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The KETRA temporarily increased the 50% contribution base to 100% (for contributions made from Aug.
But the Gulf Opportunity Zone Act effectively repealed the relevant KETRA provisions and incorporated them into the GO Zone Act and amended the Internal Revenue Code.
Several KETRA provisions were also extended to individuals affected by Hurricanes Rita and Wilma including an increased deduction for claiming casualty losses and waiving penalties for early withdrawals from qualified retirement plans.
 
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