Federal Disaster Tax Relief Act Signed Into Law
December 12, 2024
December 12, 2024
WASHINGTON, Dec. 12 -- Rep. Doug LaMalfa, R-California, issued the following news release:
Today, President Biden signed H.R. 5863, the Federal Disaster Tax Relief Act, into law. This legislation included Congressman Doug LaMalfa's (R-Richvale) bill, H.R. 4970, Protect Innocent Victims of Taxation After Fire Act, which exempts wildfire relief payments from federal income taxes. The legislation also streamlines the process for deducting losses from various natural disasters and . . .
Today, President Biden signed H.R. 5863, the Federal Disaster Tax Relief Act, into law. This legislation included Congressman Doug LaMalfa's (R-Richvale) bill, H.R. 4970, Protect Innocent Victims of Taxation After Fire Act, which exempts wildfire relief payments from federal income taxes. The legislation also streamlines the process for deducting losses from various natural disasters and . . .