Bill 118 hr 10203, titled "To provide tax relief for damages relating to Hurricanes Helene and Milton," aims to offer assistance to individuals and businesses affected by the devastating hurricanes. The bill proposes tax relief measures to help those who have suffered damages as a result of Hurricanes Helene and Milton.
Specifically, the bill includes provisions for tax deductions and credits for individuals and businesses that have incurred losses due to the hurricanes. This tax relief is intended to alleviate some of the financial burden faced by those who have been impacted by the natural disasters.
Overall, Bill 118 hr 10203 seeks to provide much-needed support to individuals and businesses affected by Hurricanes Helene and Milton by offering tax relief measures to help them recover and rebuild in the aftermath of the storms.