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Bill > S3678


US S3678

US S3678
Federal Disaster Tax Relief Act of 2024


summary

Introduced
01/25/2024
In Committee
01/25/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A bill to amend the Internal Revenue Code of 1986 to extend the time during which a qualified disaster may have occurred for purposes of the special rules for personal casualty losses.

AI Summary

This bill amends the Internal Revenue Code of 1986 to extend the time during which a qualified disaster may have occurred for purposes of the special rules for personal casualty losses. Specifically, it substitutes "the Federal Disaster Tax Relief Act of 2024" for "this Act" in Section 301 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, which sets the deadline for when a qualified disaster must have occurred in order for taxpayers to claim certain tax relief related to personal casualty losses.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Read twice and referred to the Committee on Finance. (on 01/25/2024)

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