Legislation to Provide Disaster Tax Relief, Including Tax Exemption of Wildfire Settlement Payments, Passes Out of House
May 21, 2024
May 21, 2024
WASHINGTON, May 21 -- Rep. Doug LaMalfa, R-California, issued the following news release:
Today, the House passed H.R. 5863, The Federal Disaster Tax Relief Act. This bill includes Congressman Doug LaMalfa's (R-Richvale) bill, H.R. 4970, Protect Innocent Victims Of Taxation After Fire Act, that will exempt wildfire relief payments from federal income taxes. Additionally, H.R. 5863 exempts the relief payments for losses that resulted from the 2023 East Palestine, Ohio train derailmen . . .
Today, the House passed H.R. 5863, The Federal Disaster Tax Relief Act. This bill includes Congressman Doug LaMalfa's (R-Richvale) bill, H.R. 4970, Protect Innocent Victims Of Taxation After Fire Act, that will exempt wildfire relief payments from federal income taxes. Additionally, H.R. 5863 exempts the relief payments for losses that resulted from the 2023 East Palestine, Ohio train derailmen . . .