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Disaster Relief: Funds and Tax Breaks for Affected Citizens

This act allocates $16.5 billion for disaster relief, such as hurricanes and floods. It also introduces tax relief for individuals affected by disasters in 2021-2023, making it easier to deduct losses and increasing the standard deduction. This aims to provide financial support to citizens and rebuild affected areas.
Key points
An additional $16.5 billion for the Disaster Relief Fund, meaning faster and more effective aid after natural disasters.
Tax relief for individuals affected by disasters in 2021-2023, including easier deduction of personal losses and an increased standard tax deduction.
Financial support for U.S. territories to provide similar tax relief to their residents.
Facilitation of reconstruction for flood and storm damage reduction projects, enhancing future safety.
Assessment of Hurricane Idalia damage to military bases in Florida, aiding in reconstruction planning and maintaining defense readiness.
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Additional Information
Print number: 118_HR_5343
Sponsor: Rep. Cammack, Kat [R-FL-3]
Process start date: 2023-09-05