H.R. 4970 · 118th Congress
Protect Innocent Victims Of Taxation After Fire Act
- Stage
- In committee
- Sponsor
- Doug LaMalfa
- Introduced
- 2023-07-27
- Latest action
- 2023-07-27 · Introduced in House
Summary
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.