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House Bill 1270
118th Congress(2023-2024)
To exclude certain amounts relating to compensating victims of the East Palestine train derailment, and for other purposes.
Introduced
Introduced
Introduced in House on Mar 1, 2023
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Introduced in House 
Mar 1, 2023
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Introduced in House(Mar 1, 2023)
Mar 1, 2023
No Linkage Found
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 1270 (Introduced-in-House)


118th CONGRESS
1st Session
H. R. 1270


To exclude certain amounts relating to compensating victims of the East Palestine train derailment, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

March 1, 2023

Mr. Johnson of Ohio (for himself, Mr. Balderson, Mr. Miller of Ohio, Mr. Latta, Mr. Davidson, Mr. Joyce of Ohio, Mr. Wenstrup, Mrs. Sykes, Mr. Turner, Mr. Jordan, and Mr. Carey) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To exclude certain amounts relating to compensating victims of the East Palestine train derailment, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. East Palestine disaster relief payments.

(a) Disaster relief payments to victims of East Palestine train derailment.—The East Palestine train derailment is hereby deemed to be a qualified disaster for the purposes of section 139(c) of the Internal Revenue Code of 1986.

(b) Exclusion from gross income of business interruption payments.—For purposes of the Internal Revenue Code of 1986, gross income does not include any amounts provided to a taxpayer to compensate such taxpayer for lost business income resulting from the East Palestine train derailment by a—

(1) Federal, State, or local government agency,

(2) Norfolk Southern Railway, or

(3) any subsidiary, insurer, or agent of Norfolk Southern Railway or any related person.

(c) Train derailment.—For purposes of this section, the term “East Palestine train derailment” means the derailment of a train in East Palestine, Ohio, on February 3, 2023.

(d) Effective date.—This section shall apply to amounts received on or after February 3, 2023.