118th Congress · HOUSE BILLBILL

H.R. 1494 — Hurricane Tax Relief Act

“To amend the Internal Revenue Code of 1986 to provide special rules for casualty losses incurred by reason of Hurricane Ian, Hurricane Nicole, and Hurricane Fiona.”

Taxation

Introduced Mar 9, 2023

Last action Mar 9, 2023

Pipeline · Bill → Law

Step 1

Introduced

Mar 9, 2023

Step 2

Referred

Mar 9, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill modifies tax rules relating to personal casualty losses for taxpayers affected by Hurricanes Ian, Nicole, and Fiona. It eliminates the requirements that such taxpayers must itemize their tax deductions as a condition of eligibility for relief and that their losses exceed 10% of their adjusted gross income. The bill applies these modified requirements to residents of Puerto Rico affected by the Hurricanes.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Mar 9, 2023

Introduced in House

Mar 9, 2023

Referred to the House Committee on Ways and Means.