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H.R. 4970

BillFederalHouseIn Committee
To provide an exclusion from gross income for compensation for expenses and losses resulting from certain wildfires.
About This Bill
Committee
Latest Action · July 27, 2023
Referred to the House Committee on Ways and Means.
Congress
118th (2023–2025)
Introduced
July 27, 2023
Cosponsors (22)
16D 6R
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Summary

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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.

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