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A bill to provide tax relief with respect to certain wildfire relief payments.
2/2/2024, 2:14 PM
Summary of Bill S 3711
Bill 118 s 3711, also known as the "Wildfire Relief Tax Relief Act," aims to provide tax relief for individuals who have received payments for wildfire relief. The bill specifically targets those who have been affected by wildfires and have received financial assistance to help them recover from the devastation.
The main purpose of this bill is to ensure that individuals who have received wildfire relief payments do not face additional financial burdens in the form of taxes on these payments. The bill seeks to exempt these payments from federal income tax, providing much-needed relief to those who have already suffered significant losses due to wildfires.
By providing this tax relief, the bill aims to support individuals in their recovery efforts and help them rebuild their lives in the aftermath of wildfires. This legislation recognizes the unique challenges faced by those affected by wildfires and seeks to provide them with the necessary support to overcome these challenges. Overall, Bill 118 s 3711 is a crucial piece of legislation that aims to provide much-needed tax relief to individuals who have been impacted by wildfires. By exempting wildfire relief payments from federal income tax, this bill seeks to alleviate the financial burden on those who have already endured significant losses.
The main purpose of this bill is to ensure that individuals who have received wildfire relief payments do not face additional financial burdens in the form of taxes on these payments. The bill seeks to exempt these payments from federal income tax, providing much-needed relief to those who have already suffered significant losses due to wildfires.
By providing this tax relief, the bill aims to support individuals in their recovery efforts and help them rebuild their lives in the aftermath of wildfires. This legislation recognizes the unique challenges faced by those affected by wildfires and seeks to provide them with the necessary support to overcome these challenges. Overall, Bill 118 s 3711 is a crucial piece of legislation that aims to provide much-needed tax relief to individuals who have been impacted by wildfires. By exempting wildfire relief payments from federal income tax, this bill seeks to alleviate the financial burden on those who have already endured significant losses.
Current Status of Bill S 3711
Bill S 3711 is currently in the status of Bill Introduced since January 31, 2024. Bill S 3711 was introduced during Congress 118 and was introduced to the Senate on January 31, 2024. Bill S 3711's most recent activity was Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S311) as of January 31, 2024
Bipartisan Support of Bill S 3711
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
6Democrat Cosponsors
2Republican Cosponsors
4Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3711
Primary Policy Focus
Alternate Title(s) of Bill S 3711
A bill to provide tax relief with respect to certain wildfire relief payments.
A bill to provide tax relief with respect to certain wildfire relief payments.
Comments
Sponsors and Cosponsors of S 3711
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