S. 496In Committee
Wildfire Victim Tax Relief and Recovery Act
Allows tax relief for wildfire victims by expanding livestock gain deferral after fires and excluding certain Texas wildfire relief payments from taxable income
Plain-English overview
What this bill does
Allows tax relief for wildfire victims by expanding livestock gain deferral after fires and excluding certain Texas wildfire relief payments from taxable income
Key points
- Allow exclusion of wildfire relief payments
- Extend livestock gain deferral
Current status
Where it stands
Status
In Committee
Latest action
2025-02-10 — Read twice and referred to the Committee on Finance.
Related context
Topics and policy areas
undefinedTaxation