House Bill 1270 - To exclude certain amounts relating to compensating victims of the East Palestine train derailment, and for other purposes.

Purpose and Summary

Chamber: House

Introduced date: 2023-03-01

Recent Activity

Referred to the House Committee on Ways and Means.

Alternative Names

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.

Associated Legislation

Tax Relief for American Families and Workers Act of 2024

Policy Areas

Taxation

Potential Impact

Sponsors and Supporters

Rep. Johnson, Bill [R-OH-6]

Cosponsors and Supporters

Rep. Balderson, Troy [R-OH-12]

Rep. Miller, Max L. [R-OH-7]

Rep. Latta, Robert E. [R-OH-5]

Rep. Davidson, Warren [R-OH-8]

Rep. Joyce, David P. [R-OH-14]

Rep. Wenstrup, Brad R. [R-OH-2]

Rep. Sykes, Emilia Strong [D-OH-13]

Rep. Turner, Michael R. [R-OH-10]

Rep. Jordan, Jim [R-OH-4]

Rep. Carey, Mike [R-OH-15]

Rep. Brown, Shontel M. [D-OH-11]

Rep. Landsman, Greg [D-OH-1]

Committees and Subcommittees

Ways and Means Committee

Variations and Revisions

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

1/24/2024, 3:15 PM

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...

Congress
118
Number
HR - 1270
Introduced on
2023-03-01
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

3/1/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and 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...

Alternative Names
Official Title as IntroducedTo exclude certain amounts relating to compensating victims of the East Palestine train derailment, and for other purposes.
Policy Areas
Taxation

Comments

Recent Activity

Latest Summary3/24/2023

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...

Latest Action3/1/2023
Referred to the House Committee on Ways and Means.