Thompson, Padilla Announce Unanimous Senate Vote to Pass Fire Victims Tax Relief Bill, Send to President's Desk
December 04, 2024
December 04, 2024
WASHINGTON, Dec. 4 -- Rep. Mike Thompson, D-California, issued the following news release:
Today, Rep. Mike Thompson (D-CA-04) and Senator Alex Padilla (D-CA) announced the Senate's unanimous vote to pass the bipartisan Federal Disaster Tax Relief Act (H.R. 5863(link is external)). The bill includes Rep. Thompson's legislation that will exempt thousands of qualified wildfire victims in California from having to pay federal income tax on their settlement money or pay tax on attorney . . .
Today, Rep. Mike Thompson (D-CA-04) and Senator Alex Padilla (D-CA) announced the Senate's unanimous vote to pass the bipartisan Federal Disaster Tax Relief Act (H.R. 5863(link is external)). The bill includes Rep. Thompson's legislation that will exempt thousands of qualified wildfire victims in California from having to pay federal income tax on their settlement money or pay tax on attorney . . .