118th Congress · HOUSE BILLINCORPORATED

H.R. 4970 — Protect Innocent Victims Of Taxation After Fire Act

“To provide an exclusion from gross income for compensation for expenses and losses resulting from certain wildfires.”

Taxation

Introduced Jul 27, 2023

Last action Jul 27, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 27, 2023

Step 2

Referred

Jul 27, 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, any amount received after 2019 and before 2026 by an individual taxpayer as a qualified wildfire relief payment. The bill defines such payment as compensation for expenses or losses incurred as a result of a federally declared forest or range fire disaster.

Provisions · 2 sectionsIntroduced in House

Similar Bills · 1 matches

Bill	Text overlap	Status
H.R. 5863— Federal Disaster Tax Relief Act of 2023	33%	ENACTED

Timeline · 2 actions

Jul 27, 2023

Introduced in House

Jul 27, 2023

Referred to the House Committee on Ways and Means.