118th Congress · HOUSE BILLBILL

H.R. 1270 — To exclude certain amounts relating to compensating victims of the East Palestine train derailment, and for other purposes.

“To exclude certain amounts relating to compensating victims of the East Palestine train derailment, and for other purposes.”

Taxation

Introduced Mar 1, 2023

Last action Mar 1, 2023

Pipeline · Bill → Law

Step 1

Introduced

Mar 1, 2023

Step 2

Referred

Mar 1, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill excludes from gross income, for income tax purposes, compensation received by individuals and businesses for losses resulting from the East Palestine, Ohio train derailment on February 3, 2023. This includes lost business income paid by a federal, state, or local government agency, Norfolk Southern Railway, or any subsidiary, insurer, or agent of the railway, or any related person.

Provisions · 1 sectionsIntroduced in House

Timeline · 2 actions

Mar 1, 2023

Introduced in House

Mar 1, 2023

Referred to the House Committee on Ways and Means.