To amend the Internal Revenue Code of 1986 to codify and extend the rules for personal casualty losses arising from major disasters and the rules for the exclusion from gross income of compensation for losses or damages resulting from certain wildfires.

10/9/2025, 8:06 AM

Summary of Bill HR 5366

The bill titled "To amend the Internal Revenue Code of 1986 to codify and extend the rules for personal casualty losses arising from major disasters and the rules for the exclusion from gross income of compensation for losses or damages resulting from certain wildfires," designated as H.R. 5366 in the 119th Congress, introduced on September 15, 2025, aims to make changes to the tax code related to personal casualty losses from major disasters and the exclusion of income from compensation for losses or damages caused by specific wildfires.

Current Status of Bill HR 5366

Bill HR 5366 is currently in the status of Bill Introduced since September 15, 2025. Bill HR 5366 was introduced during Congress 119 and was introduced to the House on September 15, 2025. Bill HR 5366's most recent activity was Referred to the House Committee on Ways and Means. as of September 15, 2025

Bipartisan Support of Bill HR 5366

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Policy Area and Potential Impact of Bill HR 5366

Primary Policy Focus

Alternate Title(s) of Bill HR 5366

To amend the Internal Revenue Code of 1986 to codify and extend the rules for personal casualty losses arising from major disasters and the rules for the exclusion from gross income of compensation for losses or damages resulting from certain wildfires.