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House Bill 4970
118th Congress(2023-2024)
Protect Innocent Victims Of Taxation After Fire Act
Introduced
Introduced
Introduced in House on Jul 27, 2023
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Introduced in House 
Jul 27, 2023
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Introduced in House(Jul 27, 2023)
Jul 27, 2023
No Linkage Found
About Linkage
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. 4970 (Introduced-in-House)


118th CONGRESS
1st Session
H. R. 4970


To provide an exclusion from gross income for compensation for expenses and losses resulting from certain wildfires.

IN THE HOUSE OF REPRESENTATIVES

July 27, 2023

Mr. LaMalfa (for himself, Mr. Thompson of California, Ms. Porter, Mr. Panetta, Ms. Brownley, Mr. Kiley, Mr. McClintock, and Mr. Newhouse) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To provide an exclusion from gross income for compensation for expenses and losses resulting from certain wildfires.

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

SECTION 1. Short title.

This Act may be cited as the “Protect Innocent Victims Of Taxation After Fire Act”.

SEC. 2. Exclusion from gross income for compensation for losses or damages resulting from certain wildfires.

(a) In general.—For purposes of the Internal Revenue Code of 1986, gross income shall not include any amount received by an individual as a qualified wildfire relief payment.

(b) Qualified wildfire relief payment.—For purposes of this section—

(1) IN GENERAL.—The term “qualified wildfire relief payment” means any amount paid to or for the benefit of an individual as compensation for expenses or losses incurred as a result of a qualified wildfire disaster, but only to the extent any expense or loss compensated by such payment is not otherwise compensated by insurance or otherwise.

(2) QUALIFIED WILDFIRE DISASTER.—The term “qualified wildfire disaster” means any federally declared disaster (as defined in section 165(i)(5)(A) of the Internal Revenue Code of 1986) declared, after December 31, 2014, as a result any forest or range fire.

(c) Denial of double benefit.—Notwithstanding any other provision of the Internal Revenue Code of 1986, no deduction or credit shall be allowed (to the person for whose benefit a qualified wildfire relief payment is made) for, or by reason of, any expenditure to the extent of the amount excluded under this section with respect to such expenditure.

(d) Limitation on application.—This section shall only apply to qualified wildfire relief payments received by the individual during taxable years beginning after December 31, 2019, and before January 1, 2026.