summary
Introduced
10/02/2023
10/02/2023
In Committee
11/02/2023
11/02/2023
Crossed Over
05/22/2024
05/22/2024
Passed
12/10/2024
12/10/2024
Dead
Signed/Enacted/Adopted
12/12/2024
12/12/2024
Introduced Session
118th Congress
Bill Summary
AN ACT To provide tax relief with respect to certain Federal disasters.
AI Summary
This bill, the Federal Disaster Tax Relief Act of 2023, provides tax relief with respect to certain federal disasters. Specifically, it extends rules for the treatment of certain disaster-related personal casualty losses and excludes from gross income any compensation received by individuals for losses or damages resulting from certain wildfires. Additionally, the bill treats East Palestine train derailment payments as qualified disaster relief payments, which are excluded from taxable income. The bill applies to qualified wildfire relief payments received during taxable years beginning after December 31, 2019, and before January 1, 2026, and to East Palestine train derailment payments received on or after February 3, 2023.
Committee Categories
Budget and Finance
Sponsors (36)
Greg Steube (R)*,
Kelly Armstrong (R),
Andy Barr (R),
Stephanie Bice (R),
Suzanne Bonamici (D),
Julia Brownley (D),
Larry Bucshon (R),
Yadira Caraveo (D),
Ed Case (D),
Jim Costa (D),
Joe Courtney (D),
Sharice Davids (D),
Mario Diaz-Balart (R),
Byron Donalds (R),
Scott Franklin (R),
Dan Goldman (D),
Harriet Hageman (R),
Josh Harder (D),
Bill Johnson (R),
Mike Kelly (R),
Kevin Kiley (R),
Doug LaMalfa (R),
Ted Lieu (D),
Carol Miller (R),
Nathaniel Moran (R),
Joe Neguse (D),
Dan Newhouse (R),
Ilhan Omar (D),
August Pfluger (R),
Katie Porter (D),
David Rouzer (R),
John Rutherford (R),
Melanie Stansbury (D),
Mike Thompson (D),
Jill Tokuda (D),
Michael Waltz (R),
Last Action
Became Public Law No: 118-148. (on 12/12/2024)
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/5863/all-info |
| BillText | https://www.congress.gov/118/bills/hr5863/BILLS-118hr5863enr.pdf |
| BillText | https://www.congress.gov/118/bills/hr5863/BILLS-118hr5863eh.pdf |
| BillText | https://www.congress.gov/118/bills/hr5863/BILLS-118hr5863rh.pdf |
| BillText | https://www.congress.gov/118/bills/hr5863/BILLS-118hr5863ih.pdf |
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