To help families and businesses struggling to rebuild in the wake of Superstorm Sandy, a bipartisan coalition of lawmakers today announced legislation to provide tax relief to the victims of the devastating storm that caused widespread destruction throughout the Northeast.

Hurricane Sandy damage on the barrier islands (Governor's Office/Tim Larsen)

The Hurricane Sandy Tax Relief Act of 2012, modeled after a similar bill passed into law in the wake of Hurricane Katrina, is aimed at providing tax relief for victims of Hurricane Sandy in areas designated as Federal Disaster Areas by the President.

"As we continue to rebuild in the wake of one of the worst natural disasters to hit our region in generations, we must ensure that our communities have the resources they need to begin to put their lives together," said Reps. Crowley, DeLauro, Grimm, Larson, LoBiondo, Pascrell, Rangel, Runyan and Smith.  "This bill is a crucial first step in bringing much needed tax relief to help families, communities and business in our region get back on track. We urge our colleagues on both sides of the aisle to support this legislation to help in rebuilding the lives that have been devastated by this historic storm."

Original supporters of The Hurricane Sandy Tax Relief Act of 2012 include U.S. Reps. Joseph Crowley (D-NY), Rosa DeLauro (D-CT), Rodney Frelinghuysen (R-NJ), Michael Grimm (R-NY), John Larson (D-CT), Frank LoBiondo (R-NJ), Bill Pascrell, Jr. (D-NJ), Charles B. Rangel (D-NY), Jon Runyan (R-NJ) and Chris Smith (R-NJ).

The legislation will compliment the federal governments relief and recovery efforts by providing additional tax relief to businesses, individuals and municipalities affected by Hurricane Sandy.