Federal Disaster Tax Relief Act of 2025

Hozzl · 2025-09-22T16:32:24Z

Explore the details of Senate Bill 2744 Federal Disaster Tax Relief Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

9/22/2025, 4:32 PM

Summary of Bill S 2744

The bill introduced in the 119th Congress with the title "A bill 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" aims to make amendments to the Internal Revenue Code related to personal casualty losses from major disasters and the exclusion of income for losses or damages caused by specific wildfires.

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Current Status of Bill S 2744

Bill S 2744 is currently in the status of Bill Introduced since September 9, 2025. Bill S 2744 was introduced during Congress 119 and was introduced to the Senate on September 9, 2025. Bill S 2744's most recent activity was Read twice and referred to the Committee on Finance. as of September 9, 2025

Bipartisan Support of Bill S 2744

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 2744

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 2744

A bill 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.