Bill Sponsor
House Bill 2284
116th Congress(2019-2020)
Disaster Tax Relief Act of 2019
Introduced
Introduced
Introduced in House on Apr 10, 2019
Overview
Text
Introduced
Apr 10, 2019
Latest Action
Apr 10, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2284
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Disaster Tax Relief Act of 2019

This bill allows various tax credits, tax deductions, and modifications to existing rules for individuals and businesses affected by federally declared disasters that occurred after December 31, 2018, and before April 15, 2019.

With respect to individuals and businesses in the affected areas, the bill

  • waives the 10% additional tax on certain early distributions from retirement plans,
  • permits individuals to recontribute funds to retirement plans if the funds were distributed for a home purchase that was cancelled on account of a disaster,
  • increases the limit and extends the repayment deadline for loans from retirement plans,
  • allows an employee retention tax credit for employers affected by disasters,
  • temporarily increases the limitation on tax deductions for charitable contributions for relief efforts in disaster areas,
  • modifies the rules for the deduction for personal casualty losses, and
  • allows taxpayers residing in disaster areas to use earned income from the immediately preceding year for the purpose of determining earned income for the earned income tax credit and the child tax credit.
Text (1)
April 10, 2019
Actions (2)
04/10/2019
Referred to the House Committee on Ways and Means.
04/10/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 7:47:19 PM