There’s an update to Congressman Doug LaMalfas’s bill to ease tax burdens on fire victims.
The congressman’s office confirms that the House has passed The Federal Disaster Tax Relief Act, which includes key provisions from LaMalfa’s bill, H.R. 4970, to exempt wildfire relief payments from federal income taxes. This legislation also covers relief payments for losses from the 2023 East Palestine, Ohio train derailment and declares certain hurricanes as eligible for disaster-related tax treatments.
The bill, passed with a vote of 382-7, and will allow, once signed into law, retroactive refunds for taxes paid on wildfire settlement money since 2020. Taxpayers will be able to claim this refund by filing an amended return or during the next tax year.
