HR. 1169In Committee
Wildfire Victim Tax Relief and Recovery Act
Allows tax relief for wildfire losses by extending livestock gain deferral after fires and excluding certain Texas wildfire compensation payments from taxable income
Plain-English overview
What this bill does
Allows tax relief for wildfire losses by extending livestock gain deferral after fires and excluding certain Texas wildfire compensation payments from taxable income
Key points
- Allow exclusion of wildfire payments
- Extend livestock gain deferral
Current status
Where it stands
Status
In Committee
Latest action
2025-02-10 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedTaxation