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Disaster Tax Relief: Extended Time for Personal Casualty Losses.

This bill extends the timeframe during which an event must occur to qualify as a disaster for special personal casualty loss tax rules. This means more individuals affected by natural disasters may be eligible for tax deductions for their losses, potentially aiding in recovery after difficult events.
Key points
Extends the definition of a qualified disaster for tax relief purposes to December 31, 2023.
Applies to areas where a major disaster was declared by the President on or after 60 days after the enactment of the Taxpayer Certainty and Disaster Tax Relief Act of 2020.
More individuals affected by disasters may claim personal casualty loss deductions.
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Expired
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Additional Information
Print number: 117_S_5257
Sponsor: Sen. Cassidy, Bill [R-LA]
Process start date: 2022-12-14
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to amend the Internal Revenue Code of 1986 to extend the time during which a qualified disaster may have occurred for purposes of the special rules for personal casualty losses.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_5257.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-12-14.

What are the main provisions?

Key points include:

  • Extends the definition of a qualified disaster for tax relief purposes to December 31, 2023.
  • Applies to areas where a major disaster was declared by the President on or after 60 days after the enactment of the Taxpayer Certainty and Disaster Tax Relief Act of 2020.
  • More individuals affected by disasters may claim personal casualty loss deductions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cassidy, Bill [R-LA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes