House Bill 4970
118th Congress(2023-2024)
Protect Innocent Victims Of Taxation After Fire Act
Introduced
Introduced in House on Jul 27, 2023
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
4970
Congress
118
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.
No House votes have been held for this bill.
Summary
Protect Innocent Victims Of Taxation After Fire Act
This bill excludes from gross income, for income tax purposes, any amount received after 2019 and before 2026 by an individual taxpayer as a qualified wildfire relief payment. The bill defines such payment as compensation for expenses or losses incurred as a result of a federally declared forest or range fire disaster.
July 27, 2023
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07/27/2023
Referred to the House Committee on Ways and Means.
07/27/2023
Introduced in House
Public Record
Record Updated
Aug 10, 2024 8:05:37 AM