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Protect Innocent Victims Of Taxation After Fire Act

1/24/2024, 3:15 PM

Congressional Summary of HR 4970

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.

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Current Status of Bill HR 4970

Bill HR 4970 is currently in the status of Bill Introduced since July 27, 2023. Bill HR 4970 was introduced during Congress 118 and was introduced to the House on July 27, 2023.  Bill HR 4970's most recent activity was Referred to the House Committee on Ways and Means. as of July 27, 2023

Bipartisan Support of Bill HR 4970

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
20
Democrat Cosponsors
14
Republican Cosponsors
6
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4970

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 4970

Protect Innocent Victims Of Taxation After Fire Act
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.

Comments

Sponsors and Cosponsors of HR 4970

Doug LaMalfa
Doug LaMalfa
CaliforniaRepublican
Jill N. Tokuda
Jill N. Tokuda
HawaiiDemocrat
Mike Thompson
Mike Thompson
CaliforniaDemocrat
Brittany Pettersen
Brittany Pettersen
ColoradoDemocrat
Katie Porter
Katie Porter
CaliforniaDemocrat
Jimmy Panetta
Jimmy Panetta
CaliforniaDemocrat

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