Protect Innocent Victims Of Taxation After Fire Act

1/24/2024, 3:15 PM

Protect Innocent Victims Of Taxation After Fire Act

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.

Congress
118

Number
HR - 4970

Introduced on
2023-07-27

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

7/27/2023

Status of Legislation

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

Purpose and Summary

Protect Innocent Victims Of Taxation After Fire Act

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.

Alternative Names
Official Title as IntroducedTo provide an exclusion from gross income for compensation for expenses and losses resulting from certain wildfires.

Policy Areas
Taxation

Comments

Recent Activity

Latest Summary9/26/2023

Protect Innocent Victims Of Taxation After Fire Act

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 pa...


Latest Action7/27/2023
Referred to the House Committee on Ways and Means.