Last Friday, President Trump signed into law the Disaster Relief and Airport and Airway Expansion Act of 2017. Don’t let the airport references in the title fool you, the significance of this bill for small business owners is the relief it provides for those whose businesses were devastated by recent Hurricanes Harvey and Irma. The bill, H.R. 3823, which moved through Congress and onto the President’s desk in only 4 day, provides significant assistance to many businesses that suffered from the horrific storms, primarily in the form of additional tax credit eligibility. Specifically, the bill modified several tax provisions for both individuals and businesses, including those regarding early withdrawals/loans from retirement plans, deductions for charitable contributions and personal casualty losses among others. Further, employment-related tax credits were modified so that an affected employer retaining an employee in the disaster zone from Hurricane Harvey or Hurricane Irma may be eligible to claim a credit of 40% of the first $6,000 (maximum of $2,400) in wages paid to the employee during reconstruction and resumption of normal operation at the employee’s original place of employment. The bill became effective immediately upon the President’s signature.