; and (2) with respect to any income tax liability, the Secretary of the Treasury shall abate any interest, penalty, additional amount, or addition to tax which accrued during the period beginning on August 11, 2016, and ending on January 17, 2017. (b) Effective date Subsection (a) shall apply for any period for performing an act which has not expired before the applicable disaster date. 404. Special rules for mortgage revenue bonds relating to Louisiana storms and flooding (a) In general In the case of financing provided with respect to a qualified Louisiana storm and flood recovery residence, section 143(d) of the Internal Revenue Code of 1986 shall be applied as if such residence were a targeted area residence. (b) Qualified Louisiana storms and flooding recovery residence For purposes of this section, the term qualified Louisiana storm and flood recovery residence means— (1) any residence in the core disaster area, and (2) any other residence if— (A) such other residence is located in the same State as the principal residence referred to in subparagraph (B), and (B) the mortgagor with respect to such other residence owned a principal residence on the applicable disaster date, which— (i) was located in the Louisiana storm and flood disaster area, and (ii) was rendered uninhabitable by reason of the severe storms and flooding giving rise to the Presidential declaration described in section 2(1). (c) Special rule for home improvement loans In the case of any loan with respect to a residence in the Louisiana storm and flood disaster area, section 143(k)(4) of such Code shall be applied by substituting $150,000 for the dollar amount contained therein to the extent such loan is for the repair of damage by reason of the severe storms and flooding giving rise to the Presidential declaration described in section 2(1). (d) Application Subsection (a) shall not apply to financing provided after December 31, 2018. 405. Extension of replacement period for nonrecognition of gain for property located in Louisiana storm and