and such personal property is located on such real property. (e) Recovery period For purposes of this section, the term recovery period means, with respect to any disaster area, the first 5 taxable years ending after the incident date with respect to such disaster area. (f) Disaster area For purposes of this section, the term disaster area has the meaning given such term in section 7508A(d)(3). (g) Incident date For purposes of this section, the term incident date means, with respect to any disaster area, the earliest incident date specified in the declaration with respect to such disaster area. . (b) Clerical amendment The table of sections for part II of subchapter L of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item: Sec. 836. Exclusion of certain income from providing real property insurance following certain federally declared disasters. . (c) Effective date The amendments made by this section shall apply to disaster areas the incident date (as defined in section 836(g) of the Internal Revenue Code of 1986, as added by this section) of which is after December 31, 2022.