summary
Introduced
07/27/2023
07/27/2023
In Committee
07/27/2023
07/27/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To provide an exclusion from gross income for compensation for expenses and losses resulting from certain wildfires.
AI Summary
This bill, the Protect Innocent Victims Of Taxation After Fire Act, proposes to exclude from an individual's gross income any "qualified wildfire relief payments" received as compensation for expenses or losses incurred due to a "qualified wildfire disaster" (defined as a federally declared disaster resulting from a forest or range fire) that occurred after December 31, 2014. The bill also denies any double benefit by disallowing deductions or credits for expenditures to the extent they are covered by the excluded payments, and it limits the application of this exclusion to payments received during taxable years beginning after December 31, 2019, and before January 1, 2026.
Committee Categories
Budget and Finance
Sponsors (23)
Doug LaMalfa (R)*,
Mark Amodei (R),
Julia Brownley (D),
Yadira Caraveo (D),
Salud Carbajal (D),
Ed Case (D),
Lori Chavez-DeRemer (R),
Judy Chu (D),
Jim Costa (D),
Mark DeSaulnier (D),
Val Hoyle (D),
Jared Huffman (D),
Kevin Kiley (R),
Tom McClintock (R),
Joe Neguse (D),
Dan Newhouse (R),
Jay Obernolte (R),
Jimmy Panetta (D),
Brittany Pettersen (D),
Katie Porter (D),
Andrea Salinas (D),
Mike Thompson (D),
Jill Tokuda (D),
Last Action
Referred to the House Committee on Ways and Means. (on 07/27/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/4970/all-info |
| BillText | https://www.congress.gov/118/bills/hr4970/BILLS-118hr4970ih.pdf |
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