Pipeline · Bill → Law
Step 1
Introduced
Jan 31, 2024
Step 2
Referred
Jan 31, 2024
Finance
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill excludes from gross income, for income tax purposes, any amount received by an individual taxpayer as a qualified wildfire relief payment. Such payments are compensation for losses, expenses, or damages (including compensation for additional living expenses, certain lost wages, personal injury, death, or emotional distress) incurred as a result of a qualified wildfire disaster. The exclusion only apples to payments received after 2019, and before January 1, 2026.
Similar Bills · 1 matches
| Bill | Text overlap | Status |
|---|---|---|
| H.R. 5863— Federal Disaster Tax Relief Act of 2023 | 48% | ENACTED |
Timeline · 2 actions
Jan 31, 2024
Introduced in Senate
Jan 31, 2024
Read twice and referred to the Committee on Finance.