To provide an exclusion from gross income for compensation for expenses and losses resulting from certain wildfires.
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.
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S311)
Motion by Senator Schumer to reconsider the vote by which cloture on the motion to proceed to the measure was not invoked (Record Vote No. 230) made in Senate.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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